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Offshore law firm Ogier acted for global financial services firm Cantor Fitzgerald in establishing its $2 billion fully supported asset-backed commercial paper programme ISF, which is described as a ‘bankruptcy-remote, special-purpose vehicle established under Jersey law to issue US dollar-denominated short term notes’.
The ISF programme consists of Institutional Secured Funding and Institutional Secured Funding.
ISF will reportedly add value to Cantor Fitzgerald’s global bank relationships with the added bonus of providing an attractive investment opportunity for its fixed-income clients.
The Ogier team was led by partner Chris Byrne.
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