Special Purpose Entities, Independent Directors and Contract Agency Agreements

Special Purpose Entities (SPE) are used more and more as reliable tools for securitized lending and structured finance. They allow for maintaining legal ownership of assets in a vehicle that can be separated from the bankruptcy risks of a larger organization.

An Independent Director acts in a fiduciary capacity and maintains true independence from the SPE parent and the lender. We are seeing more frequent requests for these as well as Contract Agency Agreements.

We offer full services in this area and provide:

• Full compliance with lender and rating agency requirements
• Fully qualified, experienced Independent Directors
• Formation and management services for the SPE
• Client specific tailored entity management services

Contact Sandi Larsen at Sandi@clasinfo.com or call your CLAS service representative at 800.952.5696 for assistance or to learn about our very competitive pricing.