Securitization and Structured Finance

Osler is a recognized leader in Canadian asset securitization and structured finance, advising financial institutions, corporate issuers, underwriters and other participants.

Our experience includes both single-seller and multi-seller structures in a range of asset classes, such as credit card receivables, residential and commercial mortgages, trade accounts receivables, auto and equipment loans and leases, rental cars, mutual fund fees and wholesale dealer loans. We also advise participants in a range of structured finance transactions, including covered bond issuances. Our experience further includes the financing of specific assets, such as rail cars, aircraft and other equipment.

To excel in this multi-disciplinary field, Osler draws upon its depth of legal expertise in all areas of corporate and commercial law, including securities, tax, banking, investment dealer regulation, bankruptcy and personal property security. We have assisted in the development and execution of many innovative and tax efficient products and solutions for our clients and their securitization programs.

Asset Securitization

Osler’s leading Canadian securitization practice dates back to the inception of this business in Canada more than 20 years ago. We have adopted U.S. structures for use in Canada while also developing uniquely Canadian structures. Commercial paper conduits have been established and restructured to match changing regulatory and accounting environments. We have acted on all types of public and private placements of asset-backed securities.

Structured Finance

Osler is an industry leader in the development of covered bond issuances by Canadian financial institutions. We have advised arrangers, issuers, sellers and rating agencies on issuances of these debt obligations that are secured by a portfolio of specific mortgage assets. 

As well, Osler has advised numerous banks, investment banks, equity investors and corporate clients on sophisticated domestic and cross-border lease financings (including synthetic and leveraged leases) of plant and equipment, rail cars, aircraft and other capital assets.

Key Contacts

Rick Fullerton

Partner, Financial Services, Toronto

Constantine Troulis

Partner, Financial Services, Montréal

Representative Work

Latest Insights

  • Osler Update Jul 30, 2019

    Canada is first jurisdiction worldwide to require diversity disclosure beyond gender; Diversity disclosure rules will apply to federally incorporated public companies effective Jan. 1, 2020

    Effective Jan. 1, 2020, corporations governed by the CBCA with publicly traded securities will be required to provide shareholders with information...

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  • Osler Update Mar 2, 2018

    Investment limited partnerships: Federal Budget 2018

    The government's budget announced plans to go forward with amendments to the Excise Tax Act (Canada) that are intended to levy GST/HST on management...

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  • Osler Update Sep 12, 2017

    Proposed Draft Legislation for Investment Limited Partnerships

    The Department of Finance released draft legislation to amend the Excise Tax Act (Canada), which will likely have a significant impact on private...

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Awards and Recognition

  • The Canadian Legal Lexpert Directory: Recognized in Asset Securitization (Toronto, Ontario; Montreal, Quebec)

In the Media

  • Osler News Aug 26, 2021

    Osler recognized in 2022 edition of Best Lawyers Canada

    Osler is proud to announce that 168 of our lawyers have been recognized in the 2022 Best Lawyers Canada rankings

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  • Media Mentions Jul 9, 2021

    Canadian market still ripe for M&A – Canadian Lawyer

    In an interview with Canadian Lawyer, Osler’s Alex Gorka comments on the surge in M&A activity in 2021 which has increased across almost all...

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  • Osler News Aug 27, 2020

    Osler recognized in Best Lawyers in Canada 2021

    Osler is proud to announce we have been recognized by Best Lawyers in Canada 2021 with 154 lawyers ranked across multiple practice areas.

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