{"id":1351,"date":"2025-12-29T10:48:23","date_gmt":"2025-12-29T10:48:23","guid":{"rendered":"https:\/\/stage.curadino.de\/backup-servicing\/"},"modified":"2026-10-21T06:40:24","modified_gmt":"2026-10-21T06:40:24","slug":"backup-servicing","status":"publish","type":"page","link":"https:\/\/stage.curadino.de\/en\/backup-servicing\/","title":{"rendered":"Backup Servicing"},"content":{"rendered":"\t\t
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Backup Servicing \u2013 The Enabler for Your Financing Structure<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tTo refinance asset-based business models (e.g., cars, vans, e-bikes, mobile devices, e-scooters, solar parks, etc.), companies often use bankruptcy-remote financing vehicles. These include securitization structures such as ABS, ABCP, or promissory note loans.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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These financing mechanisms are relevant both for established companies with a sound credit history and for young companies (startups, scale-ups) in growth segments such as the sharing economy or “rent instead of buy” concepts.<\/p>

Since these young players often cannot yet demonstrate a long-term data history to validate the default risk of their business model, the aforementioned structures offer efficient capital procurement at market conditions through collateralization using corporate assets.<\/p>

To protect financing structures against the borrower’s default risk, financing partners (banks, investors) generally require the appointment of an independent backup servicer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Operational Backup Servicing with Curadino<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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In the worst-case scenario of borrower insolvency, the backupservicer ensures the continuity of the financing structure and the access of investors\/banks to relevant information and assets.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Corporate\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The exemplary setup of an asset-based financing structure distinguishes between the asset operator (Originator or Opco), Special Purpose Vehicle (SPV or Finco), and Backup Servicer (BUS). The Finco acquires the assets to be financed from the Opco. As security for the financing partner, the shares in the Finco, the assets, and all associated cash flows and other rights are usually transferred by way of security. The Finco rents\/leases the assets to end customers. The Finco does not perform the operational management and servicing of the portfolio itself but has outsourced it to the Opco. To mitigate the risk of an Opco default, the BUS is mandated, which, together with its network of service partners, ensures that the asset portfolio can continue to be operated or wound down even after an Opco default. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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  1. Bank and the asset operator’s financing vehicle (FinCo) conclude a financing agreement<\/li>
  2. Asset operator (OpCo) takes over the operational tasks and services of the FinCo<\/li>
  3. Curadino secures the OpCo default through its own services<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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    Whether a portfolio is continued or wound down in the event of insolvency depends in particular on the remaining contract terms: short-term models are more suitable for a quick run-off, while for longer terms, continued operation may be more economically viable.<\/p>

    For companies seeking such a transaction, the strategic challenge lies in selecting a suitable and trustworthy partner for backup servicing. In this context, the neutrality of the backup servicer is of central importance to avoid the disclosure of sensitive corporate data and process information to potential market competitors. <\/p>

    Curadino’s operational backup servicing is based on many years of practical experience in the management, control, and liquidation of asset portfolios. Building on this expertise, a holistic service management structure was developed, positioned as an integrated one-stop-shop approach in the sense of a platform model. Curadino does not only focus on financial processes such as invoicing and payment processing but also takes over core operational services together with its partners \u2013 from customer support and repossession to maintenance and storage, through to remarketing and utilization. In this way, the portfolio is managed holistically. <\/p>

    Curadino acts as an independent service provider without its own market or competitive activities in the managed asset classes, thereby ensuring that the interests of the clients remain the sole focus. This neutrality forms the basis for a relationship of trust with market participants such as leasing and rental companies, providers of sharing and subscription models, and their financing partners. <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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    Managing Diverse Asset Classes from a Single Source<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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