French Monetary and Financial Code
In forceThe assets of the securitisation undertaking may consist of :
1° For securitisation undertakings:
a) Debt securities, whether governed by French or foreign law, under the conditions defined in article D. 214-219, liquid assets, under the conditions defined in article D. 214-232-4;
b) Equity securities, in particular those received through the conversion, exchange or redemption of debt securities or securities giving access to the capital, or through the exercise of rights attached to such securities;
c) Rights arising from loans;
d) Contracts constituting financial futures instruments or transferring insurance risks;
e) Guarantees;
f) Collateral;
g) Or risk or cash sub-participations;
2° For specialised financing institutions:
a) financial instruments;
b) receivables, whether governed by French or foreign law, under the conditions defined in article D. 214-219;
c) Any other asset within the meaning of Article L. 214-154 ;
d) The cash referred to in 1° of Article D. 214-232-4, in particular in the form of deposits, equity securities or securities giving access to capital;
e) Rights arising from loans;
f) Contracts constituting forward financial instruments;
g) Guarantees;
h) Collateral;
i) risk or cash sub-participations;
3° Assets transferred to it in respect of the realisation or constitution of securities, guarantees and ancillary assets attached to the assets held by the entity, in accordance with III of Article L. 214-169, or in respect of securities and guarantees granted to it or in respect of rights attached to or relating to receivables transferred to it, resulting from leasing or rental agreements with a purchase option;
4° Assets transferred to it in respect of commitments it enters into through contracts constituting forward financial instruments, under the conditions defined in article R. 214-224.
