Securitisation of a movable asset

The Securitisation Law allows a tangible movable asset to be securitised.

A ship-owner of a yacht, uses it only very little.

He could set up a securitisation company, which he would manage and which issue certificates. He could thus sell these certificates to third parties who would then finance the securitisation company, which would pay the ship-owner the assignment price of the yacht.

The yacht may be leased and the proceeds thereof would represent the income of the securitisation company which would then pay to its investors a return in the form of fixed or variable interest (a dividend).

Moreover, instead of a fixed or variable return, the certificates could allow for investors to have limited rights of use of the securitisation vehicle's assets (i.e. the yacht).