Q: But the time required for a single emission is now minimal; once the documentary (DIP) is written, it goes very fast.
A: This is correct, but it still takes at least a day, usually a few days. Furthermore, as a corporate you need to maintain the full infrastructure of a debt issuance programme yourself. This means you need to pay for the establishment, for the maintenance, technical updates, annual updates, keeping up to date with legal developments, etc. With eppf not only can you forget about all these updates, but also you can forget about the costs. Since eppf maintains all its debt issuance programmes (DIPs) there is no cost for the borrower involved. The pay-as-you-print principle gets rid of most running costs. In case of frequent issuers you can also choose a subscription. In addition, if you have a finance subsidiary (usually in The Netherlands) you will have many more additional costs, such as guarantee fees, local tax, arms length intra-group loans, BEPS compliance, auditors, directors, service providers, travel costs and many more. By transferring your finance subsidiary and issuance to eppf, you will be able to save up to 80% to 90% of these costs. Finally, the automated and digitalised workflow makes issuance not only faster (documents within the hour, settlement T+1) but also the quality improves. No matter, which associate in your law firm or in-house lawyer is dealing with your issuance documentation, errors are almost impossible with eppf.
Comments
0 comments
Article is closed for comments.