Clifford Chance Assists Banco Santander in Major Securitisation Deals
Deal News | Dec 10, 2024 | Iberian Lawyer
Clifford Chance has provided legal counsel to Banco Santander in the establishment of two Spanish synthetic securitisation funds, Fondo de Titulización Magdalena 11 and Fondo de Titulización Tayrona. These funds represent securitisations amounting to €2,700 million and €2,100 million, respectively. Additionally, Clifford Chance advised on the issuance of Portfolio Credit Linked Notes for amounts equal to the protected tranche in each securitisation. The law firm's team was led by Leonardo Fernández and Timothy Cleary, with support from senior associates Virginia Jiménez and Oliver Tully, working from both Madrid and London. This high-profile transaction underscores Clifford Chance’s expertise in complex financial markets and institutional collaborations.
Sectors
- Financial Services
- Legal Services
Geography
- Spain – Banco Santander is a Spanish bank, and the securitisation deals involve Spanish funds.
- United Kingdom – Clifford Chance's involvement includes partners and associates from its London office.
Industry
- Financial Services – This sector is relevant as the article discusses Banco Santander's securitisation efforts, which are financial operations.
- Legal Services – Clifford Chance, a law firm, provided legal advisory services, making this sector applicable.
Financials
- 2,700 million – Amount involved in the Fondo de Titulización Magdalena 11 securitisation.
- 2,100 million – Amount involved in the Fondo de Titulización Tayrona securitisation.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clifford Chance | Legal Advisor | Company | An international law firm providing advisory services for the securitisation. |
| Banco Santander | Client | Company | A major Spanish banking institution involved in the securitisation. |
| Leonardo Fernández | Counsel | Person | A key lawyer from Clifford Chance leading the project in Madrid. |
| Timothy Cleary | Partner | Person | A partner at Clifford Chance leading the project in London. |
| Virginia Jiménez | Senior Associate | Person | A senior associate at Clifford Chance's Madrid office. |
| Oliver Tully | Senior Associate | Person | A senior associate at Clifford Chance's London office. |