Trade Receivables Securitisation

Major European Quad-Play Media & Telecoms Company Partners with Demica

Media & Telecom - Europe
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When a major European quad-play telecoms company, providing fixed line, mobile, internet and television subscriptions to over 4 million users, sought to put in place a securitisation of its consumer and trade receivables, it approached Demica.

A key challenge our client faced was in respect to data reporting where issues around consolidating data from multiple operating companies had delayed the execution of the securitisation for a number of years.

Demica’s platform was ideally suited to address this issue. Being able to connect seamlessly into our client’s multiple ERP systems enabling Demica to extract and consolidate both consumer and trade receivables through daily, weekly and monthly investor reporting at a granular receivables-by-receivables level on over 4 million open items.

Demica worked closely with one of our investor partners, facilitating the structuring and funding of the transaction resulting in an advance rate of c80% and financing of EUR125 million of funding.  

Facility size
2 years
Length of relationship
Number of subsidiaries