Banca Ifis has successfully completed the restructuring of a securitisation worth €1.15bn involving proprietary factoring receivables.
The securitisation, known as the “IFIS ABCP Programme”, was initially finalised on 13 October 2016 and relates to the assignment, on a revolving basis, of receivables due from private customers arising from the Bank’s ordinary factoring activities, acquired both with and without recourse and of which the assigned debtor has been notified of the assignment.
