Please join us for the first in a series of fintech events designed to help companies navigate the increasingly complex environment at the intersection of financial services, technology and regulation.
Lenders are increasingly using electronic contracts (e-contracts) to originate auto and equipment loans and leases underlying certain US asset-backed securities (ABS). This growing trend brings with it new sources of legal and operational risk. According to Moody's Investors Service’s recently issued Sector In-Depth report, while "traditional paper contracts can face similar risks, their legal framework differs and includes clear, well-established and simple-to-satisfy steps." The Report notes that "e-contracts must meet a number of specific criteria for ABS to maintain a right to payments on the loans and leases and valid liens on the underlying collateral" and discusses how e-contracting and securitization transactions can "mitigate these risks by various means."
Please join us for a discussion of the current market trends, opportunities, and challenges associated with auto and equipment loan and lease ABS, and ways for companies engaging in this business to address and mitigate unique risks including the use electronic vaults to store, maintain and transfer e-contracts and ABS.
We look forward to seeing you.
Margo H.K. Tank, Partner, DLA Piper
David L. Ridenour, Partner, DLA Piper
Steve Bisbee, President and Founder, eOriginal
Alan Birnbaum, VP-Senior Analyst, Moody's Investors Service, Inc.
Wednesday, February 12, 2020
Registration 4:30 p.m. – 5:00 p.m.
Program 5:00 p.m. – 6:30 p.m.
Cocktail Reception 6:30 p.m. – 7:30 p.m.
RSVP by January 30, 2020
For more information
Please contact Ben Goodall with questions.
Due to building security, registration is required for this event. Attendees will be required to provide a photo ID at the building security desk to gain entry to the DLA Piper offices.