#Structured finance definition update

We have roughly 120 employees, including around 15 in the Finance Team. And since then I’ve been fortunate enough to grow the company with a very international, dedicated and smart team. I immediately fell in love with the idea of providing cool tech products to people in a more sustainable and more affordable way. With Grover’s model of refurbishing and recirculating devices, that amount can be brought down significantly. Globally, 52 million tons (that’s the weight of 350 Queen Elizabeth II cruise ships) worth of toxic e-waste are generated each year. We're also starting to work directly with the major consumer electronics brands to offer subscriptions for their devices, which is a very big, important topic, considering how wasteful the consumer electronics industry is currently set up to be. So you never have to worry about breaking your device. There's also insurance bundled into the service. And it’s a completely seamless, frictionless, worry-free process. On, you can rent everything from smartphones to laptops, to tablets and drones, to gaming and VR equipment for your business or yourself. We offer a simple monthly subscription for the best in tech. Grover is an affordable and sustainable form of access to the latest tech products - the products that people use to be more productive, more connected, and have fun. Image: Thomas Antonioli (left) and Michael Cassau. In 2017, I was introduced by a friend to Michael Cassau, founder of Grover. I joined a Fintech startup in Hamburg where we also used asset-backed debt and stayed there for 3 years, helping raise more than €300 million in equity and debt from investors like Paypal founder Peter Thiel, the IFC and Naspers. Over time I grew more excited about building companies myself rather than analyzing other companies, and, after finishing my MBA at INSEAD, made the move into the startup world. I worked on things like structured finance and mergers and acquisitions. Securitization is likened to structure finance, an example of securitization is a mortgage-backed security (MBS).I have a banking background: I worked in London for five years, doing investment banking. Hybrid securities are formed through securitization, this means the combination of financial assets birth hybrid securities. These products can only be accessed when a standard loan is insufficient to cover the financial needs of a corporation. Examples of Structured Finance ProductsĬollateralized bond obligations (CBOs), collateralized debt obligations (CDOs), synthetic financial instruments, collateralized mortgage obligations (CMOs), hybrid securities and credit default swaps (CDSs ) are common examples of structured finance instruments. Structured finance helps businesses manage their leverage and risk, expand their business reach and also access structured financial instruments. Unlike standard loan that is flexible and transferable, structured finance cannot be transferred.

One major benefit of structured finance is that it provides huge financing for business with extensive and sophisticated needs, this type of finance is not accessible through conventional financial instruments such as simple loans. Traditional lenders are the categories of lenders at the forefront of structured finance. Significance and Benefits of Structured Financeĭue to the heavy financial needs of businesses that go for structured finance, this type of finance is not handled by all lenders. Not all lenders or financial institutions offer structured finance, it typically entails complicated transactions before it can be completed. While borrowers with less need can access other financial instruments such as loans, large corporations that have needs that simple loans cannot solve can access structured finance. Structured finance is specifically for large corporations with sophisticated financial needs. Back to: BUSINESS & PERSONAL FINANCE How Does Structured Finance Work? Example of financial instruments categorized as structured finance are collateralized bond obligations (CBOs) and collateralized debt obligations (CDOs). Structured finance is more complex than ordinary financial instruments offered to corporations such as loans. In order to match the financial needs of large corporations, structured finance was established to produce a greater financial instrument. Structured finance is a type of finance specifically designed for large corporations with unique or complicated financial needs that surpass the standard financial products available for firms.

#Structured finance definition update

Update Table of Contents What is Structured Finance? How Does Structured Finance Work? Significance and Benefits of Structured Finance Examples of Structured Finance Products What is Structured Finance?