NORD/LB digitizes securitization transactions for corporate clients with Pearsons Consulting Ltd’s ABS+ solution

NORD/LB, one of the largest commercial banks in Germany, has gone live with its new securitization offering, serviced by Pearsons Consulting Ltd and its refinancing solution ABS+.

NORD/LB offers its corporate clients a unique portal to upload and sell receivables in modern refinancing structures, enabling them to also monitor their performance and to receive a state-of-the-art reporting of their securitization transactions.

Eva Richau and Jürgen Timm, who together lead Supply Chain Finance in a leadership tandem at NORD/LB note:

NORD/LB chose Pearsons Consulting Ltd for both its market proven receivables purchase solution ABS+ and their more than 20 years of experience in the securitization area. Over the next two years NORD/LB plans to structure more than 30 transactions by using the Pearsons Consulting Ltd solution ABS+.

Jürgen Timm, Co-Lead Supply Chain Finance at NORD/LB

NORD/LB provides financing to help its customers to sustainably grow their businesses. By using the solution ABS+ customers will be able de-risk their balance sheet while optimizing Key Performance Indicators including the maximization of their free cash flow.

Eva Richau, Co-Lead Supply Chain Finance at NORD/LB

Pearsons Consulting Ltd is thrilled to be NORD/LB’s partner to provide this unrivaled solution to the markets, whose modern and intuitive user experience is defined by three main features:

• Lean onboarding process for new transactions
• Fully automated processing from upload of data to the delivery of a comprehensive reporting package for the involved stakeholders
• Seamless integration with existing banking solutions