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Phoenix American Financial Services

Securitization Administration and Accounting

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.

The Phoenix American Suite of Services

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.

Administration and General 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

Cash Waterfall and Cash Management

  • 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

Accounting and Financial Reporting

  • 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

Back-up/Successor Administrative Agent/Cash Manager

  • Map and convert data

  • Generate required back-up servicer reports

  • Perform ongoing testing of backup database

Premium Services

  • 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

PAFS Ireland Limited

Ireland

A centre of excellence in the aviation leasing business

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.

Aircraft and Beyond

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.