Cuatrecasas has advised Banco Santander and Santander de Titulización, S.G.F.T., S.A. on the securitization transaction known as “Santander Consumo 10,” which pools credit rights derived from consumer loans granted by Banco Santander to individuals residing in Spain.

The transaction meets all the requirements to be considered STS (simple, transparent, and standardized), in accordance with European securitization regulations. The fund has issued securitization bonds for a total amount of €1.428 billion, divided into six classes and maturing in May 2041. These bonds have been admitted to trading on BME’s AIAF fixed-income market and are represented as book entries in Iberclear.

The advisory work was carried out by a team of lawyers led by Jaime de la Torre, partner in Cuatrecasas’ Financial and Capital Markets practice, together with Jaime Juan Rodríguez Lozano, Cristina Leach, and Alejandro Valenciano from the same team, with the collaboration of Javier Calle from Financial Tax

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