Entering into a new financial transaction presents unique challenges in meeting financial reporting and regulatory compliance requirements.
While the securitization market is stable and growing, the marketplace is sensitive to specific challenges such as newly adopted regulations, interest rate changes, investor appetite and other market dynamics.
KPMG LLP (KPMG) has a dedicated team of over 175 full-time securitization service professionals with extensive knowledge and experience in meeting the complex needs and requirements facing securitization market participants including issuers, underwriters, investors, trustees, servicers and administrators.
Our practice provides full lifecycle pre-and post- issuance services to help clients achieve their goals.
KPMG has in-depth knowledge across all primary securitization asset classes: RMBS, CMBS, ABS, CLO and CDO. KPMG’s Securitization Practice provides full lifecycle pre and post issuance service needs including: deal execution, portfolio compliance, tax strategy and compliance, regulatory compliance and reporting, accounting, and valuation services.
KPMG’s payment verification services can provide you with an enhanced level of validation for monthly, quarterly and annual securities payments. Some of the key services KPMG offers related to the payment verification process include monthly payment calculations and validation of client payment calculations. We have over 25 years of experience in providing calculation services across a range of capital structures and RMBS, CMBS, and ABS collateral types. Our goal is to help you to reduce calculations and model errors in order to enhance timeliness and accuracy of payments.
KPMG assists more than a dozen trustees, servicers, and issuers with their annual management assertion related to compliance with the SEC's Regulation AB (Reg AB). Reg AB establishes uniform requirements for registration, servicing, loss mitigation, and other ongoing reporting for publicly issued transactions including RMBS, CMBS, and ABS. A key focal point of Reg AB is its 1122(d)(3) criteria, Investor Remittance and Reporting, which KPMG utilizes proprietary calculations tools and industry expertise to evaluate. KPMG also provides readiness assessment and gap analysis procedures for its clients related to the upcoming Regulation AB 2.0 and its additional loan-level XML reporting and submission requirements.
KPMG has a dedicated team of CLO professionals that specialize in meeting the CLO accounting requirements throughout the CLO lifecycle. Services include risk retention planning, recomputation of warehouse reporting requirements, closing date cash flow modeling, effective date procedures, payment date calculations, PFIC tax services, valuation services, and redemption procedures.
KPMG’s securitization tax team is an experienced team with over 25 years of direct securitization experience assisting the financial services and alternative investment industry with tax planning and tax reporting over the life of an asset and transaction.
KPMG has compiled a team of cross functional specialists from Accounting Advisory, Tax and Securitization Practice to advise clients on the accounting implications of their Dodd-Frank risk retention strategy. Services include MOA consolidation analysis, fair-market value disclosures, structure accounting, tax planning and operational risk assessment. KPMG professionals have been featured at multiple conferences and in publications as thought leaders on the topic.