Which asset and structured finance route fits the transaction?
Match the financing structure to assets, cash flows, risks, security, covenants and investor requirements.
Asset and structured finance links repayment and risk allocation to identified assets, receivables, contracts or project cash flows. Routes can include asset-backed loans, receivables finance, project finance, warehouse facilities, securitisation and other structured-credit instruments. The suitable route depends on asset quality, cash-flow predictability, legal isolation, data, servicing, security, rating or investor requirements and transaction economics.
Define the financing perimeter
The issuer or borrower should define eligible assets, ownership, receivables, obligors, concentration, historic performance, cash collections, servicing, security, bankruptcy-remoteness requirements, covenant package and reporting. Legal, tax, accounting and regulatory analysis follows the chosen structure and jurisdictions.
Route comparison
| Route | Primary repayment source | Key diligence |
|---|---|---|
| Asset-backed loan | Cash flow and value of pledged assets. | Title, value, cash conversion, security and covenants. |
| Receivables finance | Collections from eligible receivables. | Eligibility, dilution, ageing, concentration and servicing. |
| Project finance | Ring-fenced project cash flows. | Contracts, construction, operations, security and risk allocation. |
| Securitisation | Cash flows from a tranched asset pool. | Pool data, transfer, waterfall, servicing, credit enhancement and regulation. |
Official sources reviewed
| Official source | Why it matters |
|---|---|
| BIS; Securitisation general provisions | Basel definitions and general provisions for traditional and synthetic securitisation. |
| BIS; Basel III securitisation framework summary | Official summary of securitisation structures and prudential treatment. |
Sources reviewed September 2026. Rules, standards and market practice can change; verify the current position with qualified advisers.
Related Matchpoint resources
Last updated: September 2026.
It is financing in which identified assets or their cash flows support repayment and security.
Project finance relies principally on ring-fenced project cash flows and contractual risk allocation rather than a diversified corporate balance sheet.
Prepare asset-level ownership, eligibility, performance, cash-flow, obligor, concentration, collection, servicing, security and exception data.
Discuss a mandate
Speak to a partner about the structure, evidence and execution plan for your transaction.
