At the end of 2022, the self-funding ratio of CA Consumer Finance Group stands at 77.2%. For the CA Consumer Finance Group, this figure is an assurance of being able to support its customers and partners in each of their projects.
All about CA Consumer Finance funding
The Crédit Agricole Consumer Finance Group deploys various self-funding instruments as part of a policy of diversifying its financing resources: securitisation, repos, issue of NEU-CP, NEU-MTN, and EMTN, as well as an online deposit collection business.
Securitisation is now a major successful lever of external funding for the Crédit Agricole Consumer Finance Group:
- deployed in most of the group’s entities, both in Europe and elsewhere in the world.
- with a diversity of characteristics of the transactions carried out: public or private, static or revolving, with or without transfer of risk.
Repo transactions also help to strengthen the group’s liquidity ; these “secured” transactions are built from the securities hold from retained securitisations.
In France, CACF SA issues NEU-CP (formerly short-term certificates of deposit) as well as NEU-MTN (formerly medium-term marketable securities). CA Auto Bank in Italy issues Euro Medium Term Notes (EMTN) through its Irish branch.
A deposit collection business, today conducted by several entities with institutionals and residents of various countries.
This activity has existed in Germany since 2011, through the German subsidiary Creditplus, intended for institutional investors (via brokers) and individuals (online).
Learn more on the Creditplus commercial website [in German]: https://www.creditplus.de/festgeld/
CA Consumer Finance SA
CA Consumer Finance SA began its proprietary online collection activity in 2014, via the European passport, intended for individuals residing in Germany. Since then, it has been extended to Austria from 2015 to 2021 and Spain from 2016 to 2020.
Learn more on the subscription website in Germany
CA Auto Bank
The more recent launch of the activity at CA Auto Bank has been directed at individuals in Italy and Germany (European passport), via the Internet, since 2016.
Learn more on the CA Auto Bank website: https://www.ca-autobank.com/en/banking/conto-deposito/
Debt issuance programme
The various entities of the CA Consumer Finance Group have debt issuance programmes. CA Consumer Finance SA has a Certificates of Deposit programme and a medium-term marketable securities (NEU-MTN) programme. FCA Bank has a Euro Medium Term Note programme in Ireland.
NEU-CP (formerly certificate of deposit)
CA Consumer Finance SA’s NEU-CP programme has the following characteristic: a ceiling of 9 billion euros
See the presentation of CA Consumer Finance’s Certificates of Deposit issuance programme on the Banque de France website.
NEU-MTN (formerly BMTN)
CA Consumer Finance SA’s medium-term marketable securities (NEU-MTN) programme has the following characteristic: a ceiling of 3 billion euros
See the presentation of CA Consumer Finance SA’s Medium-Term Note issuance programme on the Banque de France website.
The Euro Medium Term Notes programme of CA Auto Bank has the characteristics described on the CA Auto Bank website.
Within this range of financial instruments, securitisation is a major driver of external refinancing, but also to build up ECB-eligible collateral or to monitor its regulatory capital. Several entities have developed this technical expertise with a varied history: beginning in Italy with the subsidiaries of CA Auto Bank - ex FCA Bank (2000) and Agos Ducato (2006), securitisation spread to France (2009), Netherlands (2010), Germany (2011), China (2014), and then Portugal (2015).
According to JP Morgan, CA Consumer Finance Group is ranked first - in number of transactions - in the euro-denominated market for public securitisations (issued in 2021) of Consumer Loans and is ranked 3rd in terms of deals amount.
Note the Crédit Agricole Consumer Finance group's first SRT (Significant Risk Transfer) transaction performed by CA Auto Bank (ex FCA Bank) in 2017.
For more information about securitisation at Crédit Agricole Consumer Finance and in our subsidiaries:
Find information about Agos securitisation operations here
CA Auto Bank
Find information about CA Auto Bank securitisation operations here
Crédit Agricole Consumer Finance
Below are the downloadable documents relating to all market securitisation transactions performed by Crédit Agricole Consumer Finance:
GINKGO SALES FINANCE 2022
GINKGO AUTO LOANS 2022
GINKGO SALES FINANCE 2017 (amortised operation)
GINKGO PERSONAL LOANS 2016 (amortised operation)
GINKGO SALES FINANCE 2015 (amortised operation)
GINKGO PERSONAL LOANS 2015 (amortised operation)
GINKGO SALES FINANCE 2014 (amortised operation)
GINKGO CONSUMER LOANS 2013 (amortised operation)
GINKGO PERSONAL LOANS 2013 (amortised operation)
GINKGO SALES FINANCE 2013 (amortised operation)
GINKGO SALES FINANCE 2012 (amortised operation)