Special Purpose Vehicles – Securitisation
NewERA and the Debt Counsellors Union have been pushing for more disclosure about who really owns consumers debts.
As Debt Counsellors have a duty to try ensure that a creditor gets their money back they need to know this information so that they can make a recommendation to the Courts. However recently it has come to the fore that many banks are selling debts (Like the debt owed on a bond) to other investment entities. Some call these SPVs (Special Purpose Vehicles). This is part of the process of securitisation.
Here is a list of the entities that are and are not registered with the National Credit Regulator (NCR)
Registered:
| Reg. No. | Credit Provider | CIPC Number | Date Registered |
| NCRCP1482 | Accelerator Fund 1 | 2005/015591/07 | 2007/06/26 |
| NCRCP1483 | Accelerator Fund 2 (Pty) Ltd | 2006/015444/07 | 2007/08/16 |
| NCRCP2023 | Accelerator Fund 3 (Pty) Ltd | 2007/023173/07 | 2008/01/07 |
| NCRCP4130 | Bayport Securitisation (RF) LTD | 2008/003557/07 | 2009/07/27 |
| NCRCP1733 | Blue Banner Securitisation Vehicle RC1 (Pty) Ltd | 2001/003183/07 | 2007/11/19 |
| NCRCP1734 | Blue Granite Investments No.1 (Pty) Ltd | 2005/023294/07 | 2007/11/19 |
| NCRCP1480 | Blue Granite Investments No.2 (Pty) Ltd | 2006/007779/07 | 2007/08/16 |
| NCRCP1481 | Blue Granite Investments No.3 (Pty) Ltd | 2006/020842/07 | 2007/08/16 |
| NCRCP1649 | Blue Granite Investments No.4 (Pty) Ltd | 2006/032191/07 | 2007/09/04 |
| NCRCP71 | Collateralised auto receivables securitization programme (Pty) Ltd | 2006/022334/07 | 2007/07/11 |
| NCRCP2923 | Greenhouse Funding (RF) LTD | 2006/031853/07 | 2008/05/16 |
| NCRCP761 | Home Obligors mortgage enhanced securities (Pty) Ltd | 2006/007171/07 | 2007/07/26 |
| NCRCP4065 | Onthecards Investments ii (Pty) Ltd | 2009/005155/07 | 2009/08/19 |
| NCRCP2057 | Private Residential Mortgages (RF) LTD | 2005/044471/07 | 2007/12/06 |
| NCRCP2617 | SA Taxi Securitisation (PTY) LTD | 2005/021852/07 | 2008/03/07 |
| NCRCP2022 | Siyakha Fund (Pty) Ltd | 2007/023159/07 | 2008/01/03 |
| NCRCP5157 | Superdrive Investments (Pty) Ltd | 2011/000895/07 | 2011/08/19 |
Here are some that are not registered but you may have heard of:
| Accelerator Fund 1 Security SPV (Pty) Ltd |
| Accelerator Fund 2 Security SPV (Pty) Ltd |
| Accelerator Fund 3 Security SPV (Pty) Ltd |
| Bayport securitization properties and projects CC |
| Blue granite no.1 security spv (Pty) Ltd |
| Blue granite no.2 security spv (Pty) Ltd |
| Blue granite no.3 security spv (Pty) Ltd |
| Blue granite no.4 security spv (Pty) Ltd |
| Blue granite no.5 security spv (Pty) Ltd |
| Collateralised auto receivables securitization 1 guarantor (Pty) Ltd |
| Collateralised auto receivables securitization 1 (Pty) Ltd |
| Fintech receivables 1 (Pty) ltd |
| Fintech receivables 1 security spv (Pty) Ltd |
| Fintech receivables 2 (Pty) Ltd |
| Fintech receivables 2 security spv (Pty) Ltd |
| Fresco 2 investments LTD |
| Home obligors mortgage enhanced securities 2012-1 (RF) LTD |
| Home obligors mortgage enhanced securities spv series 1 (PTY) LTD |
| Home obligors mortgage enhanced securities spv series 2 (PTY) LTD |
| Home obligors mortgage enhanced securities spv series 3 (PTY) LTD |
| Ikhaya bond originators (Pty) Ltd |
| Izwe loans securitization (Pty) Ltd |
| Intro securitization 2 (Pty) Ltd |
| Octane abs 1 security spv (Pty) Ltd |
| Octane abs 2 (Pty) Ltd |
| Octane abs 2 security spv (Pty) Ltd |
| Private residential mortgages security spv series 1 (Pty) Ltd |
| Private residential mortgages security spv series 2 (Pty) Ltd |
| Siyakha fund security spv (PTY) Ltd |
| Superdrive Investments guarantor spv (Pty) Ltd |
| RSF Home Loans Reg: 12/8/35469 |
You can download the list here:NCR REGISTERED ENTITIES Securitisation SPVs
For more info please approach the NCR or organisations like NewERA and the DCU.