JCRA provides Financial Risk Management and Structured Finance services. Through the use of structured hedging strategies JCRA helps clients generate improved profitability. The service is tailored to the unique circumstances of each client.

JCRA produces hedging strategies that are designed to minimise the threat to profitability that might be caused by adverse market movements.

   Bank debt
   Mezzanine finance
   Securitisation

JCRA provides an independent valuation and benchmarking service, ensuring that clients benefit from the best return available to suit their needs.

Securitisation

The use of securitisation has become increasingly important to our clients over the past few years.

For our property clients it often provides an opportunity, through CMBS issuance, to access lower funding costs than those available through bank debt. As demand for such funding products has increased, a much greater degree of flexibility is being accommodated in the funding terms.

In the private equity market it is more commonly used as a way of increasing the amount of debt that is supportable in any individual transaction.

We support our clients in both areas through analysing the property portfolio that might be securitised and advising on the terms and conditions that may be achieved and working with those clients to bring any CMBS issue to a successful conclusion. The application of structured hedging strategies becomes a vital part of any transaction as they will impact directly on the debt amount that may be raised. In both areas there are cost features that are specific to securitisations and we work with our clients to negotiate these costs in conjunction with the individual implications of each transaction.