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Before subscribing the product please read carefully the Terms and Conditions which are available free of charge. The investment proceeds in the notes issued by Cartir SA may be relevant in terms of taxation and recommended to consult an accountant or tax adviser before making an investment. The notes issued by Cartir SA are only suitable for professional investors as defined in the MiFID Directive 2004/39 / EC.
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The Luxembourg law of 22 March 2004 on securitisation, as amended (the Securitisation Law) governing Luxembourg securitisation vehicles (SVs) has been in force since 2004 and it allows the possibility to create segregated compartments within an SV, each representing a distinct part of the assets and liabilities of the SV. Such assets and liabilities are by law ring-fenced on a compartment- by-compartment basis, including in case of insolvency. The Securitisation Law expressly provides that the recourse of the relevant investors and creditors is
limited to the assets of the given compartment. As a result, among investors, each compartment is treated
as a separate entity, unless otherwise specified in the constitutional documents of the SV. Each compartment can be liquidated separately, without it resulting in the liquidation of another compartment or the SV as a
whole. The compartmentalisation technique is particularly appreciated by investors, as it allows to avoid the spill-over of risks and liabilities between the compartments, while reducing administrative costs relating to the set-up and management of separate entities. Compartmentalisation must be authorised in the constitutional documents of the SV and the creation of one or more compartments is entrusted to the management body of the SV.
Compartments available
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