About Candide Financing 2024-1 B.V. is a special purpose financial vehicle corporation (FVC) established under Dutch law as a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid). Incorporated in Amsterdam on September 26, 2024, the entity serves as a dedicated issuance vehicle within the broader global asset-backed securitization framework of the Lloyds Banking Group plc.
Core Purpose and Mandate:
The primary corporate activity of Candide Financing 2024-1 B.V. is the acquisition of residential mortgage receivables and the issuance of senior and subordinated asset-backed notes to institutional markets. The underlying securities are backed entirely by high-quality Dutch residential mortgage portfolios originated by Lloyds Bank GmbH (Amsterdam Branch).
Through this securitization structure, the company facilitates diversified, robust funding mechanisms for the parent group while offering institutional investors transparent access to European residential real estate asset performance.
Corporate Governance & Structure:
To guarantee operational transparency and maintain strict bankruptcy-remoteness from the originator, the entity operates under independent third-party management:
Originator & Seller: Lloyds Bank GmbH, Amsterdam Branch.
Corporate Administrator: CSC Management (Netherlands) B.V., located at Basisweg 10, 1043 AP Amsterdam.
Regulatory Status: Notes issued under this vehicle are reviewed and approved in accordance with standard EU Securitisation Regulations by the Dutch Authority for the Financial Markets (AFM).