Issuer Services

Issuing debt is a complex process. Managing multiple stakeholders, deadlines and complicated administrative tasks requires dedicated resources and experience.

Our Issuer Services teams takes care of the administrative and operational responsibilities involved in debt issuance, helping ensure that the process and execution run smoothly from inception until maturity.

HSBC acts as an independent party to hold assets in custody or certain documents in safekeeping.

We act under the instructions of the contracting parties to the agreement when handling or releasing these assets or documents. Our teams help you ensuring deals are completed as quickly and efficiently as possible.

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#HSBCescrows: Our proposition in 4 points

Efficient risk management Risk mitigation is an important part of our proposition. Whether you are the buyer or the seller, our escrow solutions are designed to help you: • Mitigate timing risk • Mitigate counterparty risks • Protection of buyer/seller’s funds • Assurance of milestone payments

Tailored solutions We deal with global, complex transactions and have experience to tailor solutions that are specific to the transaction’s needs. Our Escrow services support of a variety of transactions: M&A, pension deficits, collateral accounts, insurance linked securities, securing contractual representations and warranties, trading requirement escrow deposits and construction fund escrow deposits.

Seamless execution Tap into our streamlined documentation capabilities: our process is well known in the market to enable the legalities of the role be agreed in the most efficient way between both parties. Partner with us and benefit from: • International coverage for cross-border deals. • Timely execution of transactions. • Seamless client service management.

Reliable safekeeping • The safeguarding of assets is a key component of HSBC’s proposition when acting as a trusted third-party escrow agent. • We act as the independent safe-keeper of the deposit to alleviate risk factors for both the buyer and the seller. • Once live, we will hold the deposit in safekeeping while all conditions precedent are being met. Pending receipt of matching instructions from both parties, we will release the deposit from the Escrow Account to the beneficiary.

Issuer Services provides trustee, account bank, custody and agency services in support of a wide range of Insurance Linked Securities (ILS) activities.

Our capabilities include collateralised reinsurance, catastrophe bonds and sidecars. We have been involved in high-profile transactions in the market and have experience working with operations relating to insurance special purpose vehicles. We support ILS transactions as an independent party with a strong credit rating. We offer a broad range of services associated with security arrangements, collateral, investments and insurers’ custody and bank accounts.

We offer comprehensive operational and administrative solutions in every step of the loan lifecycle.

From origination, arrangement, underwriting and syndication of buyouts and corporate acquisitions, our teams support you efficiently.

Syndicated Loans capabilities

We are proud to be ranked amongst the Top Facility Agents 2018 in the Bloomberg Full Year 2018 EMEA Syndicated Loans League Tables and some of the largest transactions we process are syndicated loans. We take care of the administrative and operational responsibilities involved in debt issuance, helping ensure that the process and execution runs smoothly from inception until maturity. Whether we act as a facility agent or security agent, our experience includes delivering competitive, timely services for the processing of cash flows, interest payments and fees for corporates and financial sponsors, in both domestic and cross-border transactions.
*Source: Bloomberg Full Year 2018 EMEA Syndicated Loans League Tables, December 2018

Third Party Loan capabilities

We support institutional clients to capture debt fund opportunities, in particular private debt. We service the client's position as administrative agent both in syndicated loans and loans in other facilities that clients may be purchasing in their individual capacity through assignment.

Over the past 20 years, we have developed our knowledge of the project and export finance sector by providing bond and loan agency services.

Today, we continue to attract clients across our global platform, demonstrating both our reach and operational capabilities. Enjoy easier decision making thanks to our team’s experience working with Development Finance/MLA lenders with complex decision-making processes. In addition, acting as an Intercreditor agent, we arrange and administer any voting required in respect of decisions to be made by the Lenders or their agents under the financing agreements.

Our professional teams have a deep knowledge and understanding of the complex documentation, operational issues and cash flows involved in repackaged notes.

We have vast experience in managing vanilla, bespoke and complex repackaging transactions.

Our experience in structured debt has allowed us to become an established corporate trust provider.

Benefit from our trustee, agency and account bank services across multiple asset classes, such as Asset-Backed Securities, Residential/Commercial Mortgage-Backed Securities, Collateralised Loan Obligations, Covered Bonds, across various jurisdictions.

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Our proposition in 4 points

A solid counterparty • HSBC’s large balance sheet and high credit rating leave it well positioned as counterparty to support structured debt operations. • The credit rating of agents is an important consideration for market participants to factor into their service provider selection processes.

Efficient cash management Put our expertise to work for you. • Cash manager capability: Experience efficient cash management through our cash manager role whereby we manage the SPV’s* accounts opened with the account bank. • Reporting: Combined with investor reporting capabilities, our end-to-end solution brings efficiency and transparency to your issuance. *Special Purpose Vehicle

Supporting innovative structures Our teams work with you to support your transactions, incuding those with hybrid features: • Alternative versions of traditional RMBS such as buy-to-let structures. • Alternative student loans with a focus on post-graduate loans e.g. loans for MBAs. • Consumer loans in the retail sector e.g. loans intended specifically for the purchase of clothing. • Or other asset classes e.g. insurance premium receivables or Peer-to-Peer (P2P).

Technology • Direct access to your transactions: HSBCnet our award-winning online client platform allows real-time, online information and reporting for both activity and outstanding issuances. • Enriching your client experience: To give you a seamless experience, HSBC is investing heavily into digital with a focus on core analytics, data management, database capabilities, waterfall technology. • Get seamless access to your data through the use of APIs (Application Programming Interface).