Dutch Securitisation Association

Securitisation is one of the main building blocks of the plan of the European Commission on building a Capital Markets Union. It frees up capacity on banks’ balance sheets and provides access to investment opportunities with distinct risk characteristics to long term investors. The Dutch Securitisation Association (DSA) was established in October 2012 with the aim of promoting the interest of both issuers of and investors in Dutch securitisation transactions. Its ultimate objective is to create a healthy and well functioning market for Dutch securitisation transactions. Members of the DSA include all major Dutch banks and insurance companies as well as consumer finance lenders. In response to the decline in market activity in the European securitisation market, the originators of Dutch RMBS transactions jointly started an initiative in 2010 to improve transparency and reduce complexity of Dutch securitisation transactions. This initiative has resulted in the introduction of a standard for Dutch RMBS transactions, in respect of both investor reporting and documentation. In September 2016 a standard for Dutch Consumer Loan Securitisations was added. The DSA aims to fulfil its mission by achieving the following objectives: • Promoting, maintaining and further developing the standard for Dutch securitisation transactions. • Providing third parties with a portal where they can obtain independent information in respect of the Dutch housing, mortgage, consumer loan and securitisation market as well as information related to Dutch securitisation transactions. • Representing the different market participants involved in Dutch securitisation.