Sub-paragraph 2: General rules governing the composition of the assets and liabilities of the financing body

The assets of the securitisation undertaking may consist of : 1° For securitisation undertakings: a) Debt securities, whether governed by French or foreign law, under the conditions defined in article D. 214-219, liquid assets, under the conditions defined in article D. 214-232-4; b) Equity securities, in particular those received through the conversion, exchange or redemption of debt securities or securities giving access to the capital, or through the exercise of…

The receivables referred to in a of 1° and b of 2° of Article R. 214-218 eligible for inclusion in the assets of a financing institution are : 1° Receivables arising either from a transaction that has already taken place or from a transaction that is yet to take place, whether or not the amount and due date of these receivables have yet been determined and whether or not the…

The proceeds of units, shares and debt securities issued by the undertaking or of loans contracted by it may be used to repay or remunerate its units, shares, debt securities or loans.

Where the guarantees granted by a financial institution pursuant to III of article L. 214-169 are securities, the instrument establishing these securities shall define the nature of the assets or rights that the beneficiary of the securities may use or dispose of. Failing this, the beneficiary may only use or dispose of deposits or cash.

The financing body may borrow or have recourse to other forms of resources under the conditions set out in its regulations or articles of association.