Contact

It has no formal definition, but in practice Resolution CMN 2686/2000 is used.

A backup servicer is a service provider that agrees to take over servicing an asset portfolio upon the occurrence of certain triggering events, especially when the existing servicer fails or becomes insolvent.

VERT Gestora has an independent view and is able to carry out detailed portfolio monitoring work with customized and complex indicators. It brings governance to the structure and adds a lot to the post-issue with the interface involving the originator/transferor, the fund's trustee and the investors.

We set up securitization structures to finance fintech credit portfolios and manage post-issuance, buying eligible credits and monitoring portfolio performance. In most cases via FIDC or financial debentures. We have done venture debt and CRA as well.

Yes, some transactions are considered off balance for the originator or transferor company and vary from case to case according to the structure.

Yes, we work both on transactions that have these receivables as a back-up and as collateral for other securities.

We seek investors from our relationship network according to the risk x return profile of the transaction (and of the series, when it has different classes), the size of the transaction, the deadline and the type of instrument.

Ideally, we mirror the modus operandi that already exists regardless of securitization. We have aligned an operational belt that is in line with the documentation and allows a better experience for users and customers.

Especially in the case of corporate debentures and venture debt transactions secured by receivables.

Yes, both. Green Bonds in agribusiness and Social Bonds with fintechs.

There are numerous differences, but the main ones are that the CRA is directly linked to a relationship with a rural producer and is restricted to credit rights. Fiagro, on the other hand, is related to the agro-industrial chain as a whole and can also invest in land and shareholding.

Because, unlike the real estate credit securitizer and the agribusiness, the financial credit securitizer does not have the alternative of having separate assets and a trust regime.

We structure the vehicle and manage the portfolio. We eventually assume the role of backup servicer and assist with the ESG classification (if and when applicable).

The reports follow a standard, but are customized according to the indicators and indices monitoring each issue.

The Financial Credit Securitizer is a company S.A. In practice it functions as an SPE (Specific Purpose Company). It issues debentures to investors and with the funds raised it acquires financial credits (CCBs in most cases). The flow of CCBs is what pays for the debt.

The FIDC, on the other hand, is an investment fund and has its own regulations by the CVM. There are no restrictions on the nature of the credits (they can be financial, commercial and from any sector).

The cost structure and the operation structure of the securitizer allow smaller volume operations to be feasible and that some operations with specific characteristics are better suited to the securitizer. But there's no right and wrong. Each case is different and we need to weigh the pros and cons to see the best product for the customer.