Since its creation in 2007, fiducie, the equivalent of the trust in French law, has been the pre-eminent tool used to hedge credit and execution risks in transactions of higher complexity. These have included restructuring, sub-investment grade corporate financing, high-beta real estate and distressed merger and acquisition transactions.
Fiducie: How to strengthen secured financing
France’s trust structure has proved its potential for risk mitigation in the higher risk-return part of the credit spectrum, and its potential for more vanilla or investment-grade financing is becoming clear. Benjamin Raillard of Solutions Fiducie explains
