Issuing or investing in structured debt products presents unique challenges in raising capital, meeting financial reporting requirements, and adhering to regulatory compliance matters.
We have over 30 years of experience in providing pre- and post-issuance services across the full spectrum of asset classes, spanning RMBS, CMBS, ABS, CRE CLO, and CLO, throughout the lifecycle of a deal.
KPMG ESG Advisory services and deliverables encompass the intersection of ESG frameworks, reporting, and capital market debt issuance. We offer client-specific value by assisting in assessments of strategy, governance, resource allocation, policies and procedures, key controls over the issuance, servicing, trading, and reporting of green, blue, and social bond platforms, carbon offsets, LCFS credits, and similarly themed product needs.
Pre-closing Readiness Assessment services
KPMG Readiness Assessment services are designed around four pillars of successful ongoing securitization compliance for both of 144a and public offerings: (1) general servicing, (2) cash collection and administration, (3) investor reporting, and (4) pool asset administration. We deliver observations, recommendations, and peer benchmarking to identify areas of needed or suggested remediation related to operational enhancements within first, second, and third LODs, governance oversight; technology upgrades; automation of key controls; and investor remittance requirements.
At Closing services
KPMG assists issuers with the agreed-upon procedures (AUP) reporting required for closing. We offer (1) covered services AUPs for due diligence and 15E filing needs and (2) noncovered services AUPs designed around cash flow modeling and bond analytics, collateral review and stratification, and offering document and investor presentation review.
- Tax services
For both issuers and investors, tax authorities impose significant and complex requirements for computing taxable income on structured debt products. The KPMG Securitization Tax Platform is a proprietary application that efficiently and accurately computes the various components of income and expense, such as original issue discount (OID), market discount, and premium.
- Payment Date Verification services
KPMG payment date verification services provide you with an enhanced level of validation for monthly, quarterly, and annual payments. The clients who engage KPMG to perform these services see a reduction in calculations and model errors in their investor reporting and enhanced timeliness and accuracy of payments.
- RegAB services
KPMG assists trustees, servicers, and issuers with their annual management assertion related to compliance with the SEC's Regulation AB. KPMG utilizes proprietary technology and industry experience to evaluate a key focal point of Regulation AB, which is investor remittance and reporting.