Bedell Cristin advises Barclays Bank PLC on £1 billion Securitisation Programme
08 March 2016
Bedell Cristin advised as Jersey transaction counsel on two further series of a securitisation programme arranged by Barclays Bank PLC in respect of present and future credit and charge card receivables originated by Barclaycard, a business division of Barclays. The receivables are from time to time sold to Gracechurch Receivables Trustee Limited, a Jersey company, (pursuant to a receivables securitisation agreement) and are held by it as receivables trustee on trust for the benefit of Barclays and Barclaycard Funding PLC under the terms of a master receivables trust.
The Bedell Cristin Jersey team was led by partner Alasdair Hunter and supported by senior associate Mark Nisbet.