Securitisation vehicles
In Luxembourg, a securitisation undertaking is a company or fund set up to acquire assets or assume risks — receivables, loans or income from third-party activities — and finance them by issuing securities.
Understanding securitisation
Securitisation under Luxembourg law, explained simply
An educational guide to how securitisation vehicles governed by the law of 22 March 2004 work.
Key concepts
Three essential ideas
Asset transformation
The vehicle takes over a risk from an originator and issues securities whose value and return depend on the underlying assets.
Investment process
Investors buy the securities; the proceeds fund the assets, and the cash flows generated pay investors in a defined order.
How it works
From assets to securities
A securitisation vehicle pools assets that produce a predictable cash flow, or a right to a future cash flow, and turns them into securities such as shares or bonds.
Investors receive the income from these assets but also bear the risk that those cash flows are uncertain. This risk-return profile lets originators transfer risk and gives investors access to specific investment characteristics.
01
Originator
holds assets producing cash flows
02
Securitisation vehicle
acquires the assets, in a compartment
03
Securities issued
bonds, notes or shares
04
Investors
provide funding and receive the cash flows
Within our purpose
Sectors where securitisation applies
Examples of areas where assets can be securitised. The company’s own activity remains limited to its corporate purpose.
Film & series
Production and distribution-related receivables.
Catalogues & rights
Licensing income from content rights.
Media-related loans
Loans and claims connected to entertainment and media distribution.
About us
A dependable Luxembourg partner
BrightFlixx Finance (Luxembourg) S.A. is a Luxembourg securitisation company whose registered activity is loan securitisation (NACE 64.921).
Our mission
To structure clear, well-documented financing transactions under Luxembourg law.
Our approach
Every transaction rests on its documentation, approvals and clearly defined roles.
Transparency
Corporate particulars verifiable in the official register.
Partners
Auditors, advisers and licensed providers engaged as each transaction requires.
Educational content only — not an offer or investment advice. BrightFlixx Finance does not provide bank guarantees.