Services for
Institutional Investors
Special Servicing
Judicial and Extra-judicial recovery of secured non performing loans.
Master Servicing
- Management of cashflow and payment services as Servicer pursuant to Italian law 130/99
- Compliance analysis on operations as contractually agreed and in accordance with Italian law 130/1999
- Drafting and control of required periodic report
- Debt exposure assessment (GBV updating or processing pursuant to art. 2855)
- Current account management
- “Centrale Rischi” reporting and communications to Bank of Italy
- Monitoring of third parties activities
Due Diligence & Business Plan
Client and Investor relationship management in relation to:
- Overall portfolio analysis (legal and real estate due diligence)
- Investment profitability analysis (Business Plan)
Top Loans & Special Situations
High added value service:
- Identification and definition of the most appropriate strategy for Top Loan, Corporate and leasing contract recovery
- Strategic identification of complementary and/or alternative procedures as an alternative to ordinary NPL recovery actions (bankruptcy agreements, restructuring agreements, assumption of debt pursuant to article 508 of the Italian Civil Procedure)
Real Estate Management
A network of certified professionals dealing with:
- Commercialization of real estate assets through voluntary real estate disposal
- Identification of judicial auction players
- Broker opinions (judicial market value and open market valuation supported by photographic report performed by NPL specialists)
Reo.Cos & Real Estate Asset Improvement
Integrated management of repossessed asset:
- Advisory services for the identification of Reo.Co investment opportunities
- Legal assistance to participate in auctions
- Management of real estate assets, advanced legal and technical services enhanced by corporate group synergies
- Remarketing of Reo.Cos-acquired assets
Advisory & Portfolio Trading
Client and investor relationship management focused on:
- Scouting of available portfolios on the market
- Screening of potentially transferable portfolio stake
- Preliminary portfolio valuation
- Structuring of securitisation transaction
SVP Structuring
- SPV creation
- Company incorporation services (registration at Italian Revenue Agency and Bank of Italy)
- Securitisation agreements or asset management mandates drafting
- Corporate Secretary Services
Portfolio Management
- Monitoring of securitisation transactions
- Drafting of contractually agreed reports
- Investors, bondholders and rating agencies relationship management
- Co-ordination activity of the parties involved at each waterfall payment
Trade Receivables
- Management of past due rent payments, condominium expenses, utilities
- Reminder to debtors with increasing frequency and intensity based on the severity of the delay
Calculation Agent
- Calculation and monitoring of SPV’s cash flow available for bond repayment
Corporate Services
- Accounts management
- Quarterly Cash Flow Statements and annual Financial Statement drafting
- Report duties to Supervisory Authorities
- Tax management
Jron
- Monitoring securitisation performance
- Monitoring of trigger events
- Communication to Junior Noteholders of the analyses outcomes as agreed between the parties
Legal Network Management
- Management of external legal consultants network
- Management of proceedings at a pre-established price
Banks and other financial intermediaries
Special Servicing
Judicial and Extra-judicial recovery of secured non performing loans.
Due Diligence & Business Plan
Client and Investor relationship management in relation to:
- Overall portfolio analysis (legal and real estate due diligence)
- Investment profitability analysis (Business Plan)
Real Estate Management
A network of certified professionals dealing with:
- Placement of real estate assets through voluntary real estate disposal
- Identification of judicial auction players
- Broker opinions (judicial market value and open market valuation supported by photographic report performed by NPL specialists)
Reo.Cos & Real Estate Asset Improvement
Integrated management of repossessed asset:
- Advisory services for the identification of Reo.Co investment opportunities
- Legal assistance to participate in auctions
- Management of real estate assets, advanced legal and technical services enhanced by corporate group synergies
- Remarketing of Reo.Cos-acquired assets
Advisory & Portfolio Trading
Client and investor relationship management focused on:
- Scouting of available portfolios on the market
- Screening of potentially transferable portfolio stake
- Preliminary portfolio valuation
Top Loans and Special Situations
High added value services:
- Identification and planning of the most appropriate strategies for Top Loan recovery, Corporate or finance lease contracts
- Strategic identification and performance of transactions that can be complimentary and/or alternative to ordinary NPL recovery actions (bankruptcy agreements, restructuring agreements, indebtedness pursuant to article 508 of the Italian Civil Procedure)
SVP Structuring
- SPV creation
- Company incorporation services (registration at Italian Revenue Agency and Bank of Italy)
- Securitisation agreements or asset management mandates drafting
- Corporate Secretary Services
Legal Network Management
- Management of external legal consultants network
- Management of proceedings at a pre-established price
Retail Customers and Enterprises
Voluntary Disposal
Support in the disposal of real estate assets in the free market in order to protect it from a probable devaluation due to legal action.
Repayment Plan
Analysis with creditor counterparty of the feasibility of an Extra-Judicial settlement through the implementation of a repayment plan or a settlement and write-off of the amount due.
Settlement
Support in the analysis of the debt position with the various creditor counterparties in order to identify a viable resolution strategy.
Advisory services for settlement agreements
Support to entrepreneurs in reaching an agreement with its creditors and overcome the crisis faced by the enterprise.
Restructuring
Support in analysis and development of a debt restructuring proposal.
Transfer of Assets
Support to entrepreneurs in the transfer of their assets in order to protect them from the possible devaluation due to legal actions (real estate assets, securities, receivables, etc...).
Legal Assistance
Legal assistance on debt repayment plans toward all creditor counterparties.
Our institutional clients
Prelios Credit Servicing (Precs) is a best-in-class independent service provider positively rated by leading rating agencies. With extensive real estate, technical and legal expertise and with the support of a capillary local and regional network, Precs is synonym of soundness and is the target partner for leading Italian and international banks and investors.
