Services
doNext offers high value-added services for the structuring and management of securitization and structured finance transactions in support of investors
The role of Servicer / Master Servicer
doNext acts as a Servicer / Master Servicer in securitization transactions pursuant to Law 130/1999, handling on behalf of the securitization vehicles the collection, cash management, and payment services, as well as ensuring ongoing compliance checks for the transaction.
doNext manages and monitors securitization operations and supports its clients in achieving their profitability and growth targets, while delegating the day-to-day credit management activities to a third party, such as a Sub-Servicer or Special Servicer.
Operational activities and guarantee functions
doNext ensures that securitization transactions are structured and managed in compliance with applicable regulations, contractual agreements, and offering memoranda. Its operating model focuses on data control and updating credit claims, through an integrated management of both the active and passive cycles of the portfolios.
Moreover, thanks to the other companies within the doValue Group, we are able to provide our clients with the full suite of services needed to manage the entire credit lifecycle.
For credit recovery and administrative management activities, doNext relies on the parent company doValue or other specialized third-party providers.
Core activities
Structuring of securitization transactions
Support for investors in the purchase of receivables by SPVs (Special Purpose Vehicles), in defining the financing arrangements (including issuance of securities or bridge loans), in shaping the financial structure of the transaction, and in establishing the flow of funds and/or the required quantitative analysis.
Assistance in the establishment of Special Purpose Vehicles (SPVs)
Administrative, accounting, and corporate management for the establishment of the SPV (Special Purpose Vehicle) and throughout the duration of the securitization transaction.
Onboarding
Acquisition of the digital and document archives of the portfolios by the transferors.
Monitoring
- Portfolio performance and assurance of management in accordance with the criteria established by contractual agreements and offering memoranda
- Verification of the activities carried out by the parties involved in the transaction, including Special Servicers / Sub-Servicers, in relation to credit administration, management, and the production of structured reporting.
- Monitoring of the securitization process and ensuring compliance.
Reporting
Production of periodic reports on portfolio performance for investors, as required by contractual agreements, and the reporting obligations set out by European securitization regulations.
Value-added roles in the field of securitizations
Thanks to an integrated technological infrastructure, doNext provides the full range of services for securitization transactions, including roles such as corporate servicer, calculation agent, RON, monitoring agent, paying agent, and cash manager.
Support activities for Special Servicers
doNext is the strategic partner for:
- Special Servicers' selection: with solid experience in the Special Servicer and debt recovery market;
- assessment of recovery strategies: reviewing the strategies proposed by Special Servicers, identifying potential improvement actions;
- KPI monitoring: overseeing the entire recovery process and measuring performance indicators.
Fronting Entity
doNext is a strategic partner for investors in the management of medium to long-term loan agreements and client relations, leveraging its proprietary IT systems and close collaboration with sub-servicers or special servicers.
Back-up Servicer
doNext is equipped with the resources and technology needed to be ready to step in—upon the occurrence of specific default events and in accordance with the timing and requirements of major rating agencies—to replace Servicers in the management of securitized portfolios.
Facility and Security Agent
doNext coordinates the preliminary phase and offers management services for new mortgages financing - also based on SAL - and for the management of the related guarantees, maintaining the relationship with clients in handling installment due dates, also dealing with extraordinary events up to the enforcement of guarantees in the event of default.
