Phoenix American is a leader in the field of securitization administration and accounting. For over thirty years the Phoenix American family of companies has specialized in creating lease and loan portfolios and has securitized six of its own structured transactions. Directly involved in the securitization market since 1995, today Phoenix American manages securitized aviation assets appraised at over $18 billion.
Our long history of success attests to Phoenix American's peerless industry knowledge, skilled and seasoned professional staff and solid relationships with major players in the securitization industry.
Aircraft Lessors
Investment Banks
Investors
Trustees
Rating Agencies
Auditing and Accounting Firms
Law Firms
Appraisers
With our proven processes and methodologies, we provide you the personnel and technological infrastructure your asset-backed securitization needs. As our client, you command our full attention. Phoenix American will appoint a team of dedicated professionals who will take the time to fully understand the unique needs and complexities of your transaction and will provide the highest quality service from the implementation phase all the way through the operating life of your transaction.
As your special purpose entity administrative agent we monitor certificate compliance, maintain records and other relevant information, invest available funds, authorize payment of expenses, prepare required investor and management reports and a host of other services.
Monitor and report on the performance of service providers' compliance with operative agreements
Act as liaison with various rating agencies to assess impact of management decisions on the ratings of securities
Coordinate any necessary amendments to operative agreements
Supervise outside counsel and other professional advisors at the direction of the Board
Prepare and coordinate reports to investors and press releases
Manage investor relations with the assistance of outside counsel and auditors as appropriate
Prepare or arrange for the preparation of all required tax returns
Coordinate with the capital markets advisor to execute interest rate hedging policies
Coordinate board meetings, distribute board papers, and draft minutes and resolutions
Create and maintain client websites
Procure and renew directors and officers insurance policies
Calculate certain payments and other calculations required by operative agreements
Prepare and distribute reports to investors
Direct withdrawals and transfers from the various bank accounts
Direct the investment of funds in permitted investments and on permitted terms
Oversee the operation of cash collateral accounts and any eligible credit facilities
Perform accounts payable functions
Apply cash receipts
Monthly, quarterly and year-end close processes
Workpaper compilation including account analysis
Accounting policies and procedures development
Accounts and financial statement preparation for individual companies and on a consolidated basis
Budget preparation and variance analysis reporting
Charting of accounts and accounting ledgers
Map and convert data
Generate required back-up servicer reports
Perform ongoing testing of backup database
SEC Compliance – SEC forms 10-Q, 10-K and 8-K preparation, EDGAR filing services
Tax Compliance – sales/use, property, and income tax return preparation and filing, compilation, tax projections
Cash flow modeling and forecasting
Given the particular fiscal, regulatory and jurisdictional complexities of the aircraft industry, Phoenix American established a subsidiary company, PAFS Ireland Limited, based in Shannon, to provide service to our clients who require a presence in Ireland.
Due to Ireland's growing reputation as a jurisdiction of choice for aircraft leasing transactions, Phoenix American's Shannon office is staffed with a highly qualified team of employees with particular expertise in the aircraft leasing sector. This team has established strong relationships and a solid reputation with tax, legal, audit and other professional advisors.
Phoenix American has specific and comprehensive experience in the field of aircraft securitization with over ten years experience with the complexities of an aviation industry increasingly dependent upon the leasing of commercial aircraft. Phoenix American's aviation securitization clients rely on an administration and accounting solution custom-fit to the contours of the aircraft and engine leasing industry. No aspect of this complex enterprise has been overlooked and no opportunity for efficiency and maximization of client revenue has been neglected.
But aircraft is only the beginning. With the same all-encompassing approach that we bring to the aviation sector, Phoenix American can build an administration and accounting solution for whatever asset-backed security your company handles. Whether you are in the business of securitizing:
Cargo Ships
Cruise Ships
Freight Trucks
Railroad Cars
Student Loans
Litigation Settlements
Life Insurance
Phoenix American has the customized administration and accounting expertise you are looking for. Wherever a durable asset of substantial value can be securitized into an asset-backed investment fund, Phoenix American has the complete administration and accounting solution. For more information on Phoenix American Securitization Administration, contact Joseph Horgan at (415) 485-4546.
