Accounting and reporting obligations for securitisation vehicles

Luxembourg domiciles more than 1.300 securitisation vehicles, which means as many financial statements to be prepared in accordance with adequate GAAP and disclosures requirements.

As new structures continue to evolve, navigating through available guidance can often be challenging. PwC's Academy proposes this practical course which does not only present theoretical background and industry best-practice but also makes its participants directly apply their knowledge on practical examples in the course of the training.

By the end of this course, participants will be able to:

• adequately apply generally accepted accounting principles to the type of securitisation structures they are servicing;
• prepare financial statements appropriate to the circumstances of their vehicles;
• describe and apply valuation rules for financial assets.

• Recap on securitisation structures in Luxembourg
• General accounting principles in Luxembourg
• Valuation rules for financial assets under Lux GAAP
• Treatment of gains and losses (“equalisation provision”)
• Presentation of multi-compartment vehicles
• Other reporting requirements (CSSF, BCL)
• Additional disclosure requirements applicable to listed companies
• Practical examples

This training is coordinated by Holger von Keutz, Audit Partner with 23 years of experience in the assurance and assurance related services of PwC Luxembourg. He is specialised in the audit of banks, securitisation structures and investment funds. Furthermore, he has developed strong expertise in IFRS, Lux GAAP and HGB accounting frameworks.

Within the area of internal and external trainings in relation with his specialisation, Holger has long experience and is strongly involved in the design and development of our learning solutions. In addition, he is lecturer at Trier University of applied sciences for auditing and consolidation for more than 20 years now.