In order to reduce timing constraints Centotrenta can offer newly incorporated SPVs. Clients can of course decide to incorporate new vehicles in which case we will be happy to provide all the necessary assistance.
SPVs will be made available free of charge and would be generally held through a trust structure to guarantee insolvency remoteness. The share capital of SPVs will usually be Eur 10,000, 100% held by dedicated Trust.
While often Italian SPVs are held by Dutch foundations we believe that the trust structure would achieve the same result and would be cost effective. Such structure has been used for AAA rated deals. Of course we will be happy to follow the client’s preferences. Centotrenta will also be able to identify professionals who can act as directors of the SPVs. Either a board or a sole director can be appointed.