Cayman Islands:
Off-Balance Sheet Financing (Cayman)
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This memorandum examines the use of Cayman Islands off-balance
sheet financing structures. There are several types of transactions
that would call for an off-balance sheet structure, the two most
common of which would be structured finance transactions and asset
finance transactions. The off-balance sheet structure is designed
to isolate the underlying assets from the control, and hence the
bankruptcy risk, of third parties (eg the originator in a
securitisation transaction or the airline in an aircraft finance
transaction).
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The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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