1 2 3 4 5

Core competence

Exit management incorporates syndication, securitisation and post exit transaction management:

DCM is central to the bank’s buy-and-manage strategy. It provides expertise in the use of exit strategies to support the origination units and, in certain cases, directly to large customers.

DCM is involved in the structuring process for large volume financing projects to ensure that particular requirements for a subsequent exit are met. This allows Eurohypo to expand its product offering to clients beyond the scope of traditional bank financing.

DCM Syndication is responsible for arranging and/or placing debt participations with our banking and capital market partners. DCM Securitisation is responsible for structuring securitisation transactions and selling down real estate financing risk in the capital market (excluding the USA). DCM Exit Transaction Management provides agency services in structured finance deals and servicing in the context of securitisation transactions.

Core remit

DCM works in partnership with various divisions in Eurohypo. It is involved in the origination process in collaboration with European Structured Finance and the corporate banking divisions in Germany (CBG), the UK (CIBI UK), Continental Europe & Latin America (CIBI CELA) and Asia Pacific (CIBI AP). DCM brings together the credit and capital markets in one transaction.

Core products

Loan syndication and securitisation form an integral part of Eurohypo’s real estate finance offering and provide a solutions, which benefit both our clients and the bank. Risk diversification makes large volume and complex projects possible.

We play a leading role in the global and European syndication markets and are a key player in the European CMBS market.

We are particularly proud of our extensive network of syndication partners. Our knowledge of their capabilities and requirements enables us to arrange finance within a very short space of time. In addition to directly syndicating new business, we also offer syndication for existing properties and portfolios in the form of private placements.

Eurohypo has three securitisation programmes: OPERA, our loan conduit platform and SEMPER and EUROPA, our portfolio CMBS platforms for German and European debt respectively. We have issued ca €10 billion of CMBS bonds under OPERA since November 2003, and a further €9 billion under SEMPER and EUROPA over the last seven years. In addition, we have acted as arranger and/or adviser in further transactions, bringing the overall CMBS deal total to €24 billion.

Transaction management (agency and servicing) is handled by DCM Exit Transaction Management. For MBS transactions this includes investor reporting. This ensures that Eurohypo remains our clients’ contact throughout the term of the loan.