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Ardent Trade Finance Loan Participation

Ardent Industrial AGA1GENERATEDruleset-2026.03.1Owner M. BodockyUpdated 1d ago
3 of 5 selected

Candidates in comparison

Select between 2 and 5 candidates

AttributeLU Securitisation SVWRP-LU-SVLU RAIF SCSpWRP-LU-RAIF-SCSPIE ICAV QIAIFWRP-IE-ICAV-QIAIF
StatusFEASIBLECONDITIONALCONDITIONAL
Weighted score817466
JurisdictionLuxembourgLuxembourgIreland
RegimeSecuritisation Law — unregulated compartmentAIFMD — unauthorised product, authorised AIFMAIFMD — CBI authorised
Time to launch6–9 wks10–14 wks14–20 wks
Setup costEUR 70–110kEUR 120–170kEUR 180–240k
CustodyISIN issued via paying agent; ICSD eligible.ISIN obtainable; several private banks require a fund-code workaround.Broad custody acceptance; ISIN standard.
Scoring dimensions
Tax objective fit
84
88
74
Launch time
88
62
44
Setup cost
86
58
46
Custody compatibility
92
64
86
Regulatory fit / burden
72
80
76
Single-asset fit
90
78
60
Rule outcomes
HARD.INVESTOR.ELIGIBILITY
PASS
PASS
PASS
HARD.MANAGER.AIFMnot evaluated
PASS
not evaluated
HARD.ASSET.SINGLE_OBLIGOR
PASS
PASS
not evaluated
HARD.ASSET.ORIGINATION
PASS
PASS
CONDITIONALCOND.ASSET.ORIGINATION_SUBREGIME
HARD.DIST.PASSPORT_ELIGIBILITYnot evaluatednot evaluatednot evaluated
COMPAT.CUSTODY.ISIN
PASS
CONDITIONALCOND.CUSTODY.BOOKING_UNCONFIRMED
PASS
COND.OPS.DEPOSITARYnot evaluated
CONDITIONALCOND.OPS.DEPOSITARY_UNKNOWN
not evaluated
COND.TAX.SUBSTANCE
CONDITIONALCOND.TAX.SUBSTANCE_UNKNOWN
CONDITIONALCOND.TAX.SUBSTANCE_UNKNOWN
not evaluated
SOFT.TIME.LAUNCH
PASS
not evaluated
CONDITIONAL
Open conditionsNone
  • Depositary must be appointed before the AIFM can launch (intake state: UNKNOWN).
  • Confirm ISIN booking acceptance with the two private-bank custodians in scope.
  • Confirm the loan-origination QIAIF sub-regime applies to a single-borrower facility.
  • Timeline at the upper bound of the target window; requires an accelerated authorisation plan.
Traceability

Synthetic demo data. Wrappers, rules, evidence and scores are fabricated for design review and are not legal, tax or regulatory advice.