Clifford Chance

Securitisation of loan portfolios in Poland via investment funds

1 March 2019

Polish law has two regimes for the securitisation of loan portfolios generated by banks, one governed by the Banking Act and one by the Investment Funds Act. Securitisation may proceed via a special purpose company (issuing entity) or via a securitisation investment fund. In addition, special tax-driven structures involving partnerships have been designed for certain portfolios. In this paper, we only review the structures involving securitisation funds.

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