Commerzbank announced this week that it will be launching a new SME platform designed to allow small and medium sized German companies access to Schuldschein, or borrower notes. Borrower notes have traditionally been a funding source for larger corporations, which can amount the required sums in excess of  €20 million ($23.8 billion), but Commerzbank hopes to address the smaller funding needs of Germany's SMEs by pooling various two-to-five-year Schuldschein funding needs of SMEs across all industries into one portfolio, making them suitable for securitization in terms of size and risk concentration.

 

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