Sep 24, 2026 · 11 min · 8 segments
In the second episode of the series, Paddy Rath, Partner in our Structured Finance and Securitisation Group, is joined by Fiona De Lacy, Managing Director of our Corporate Services Group to discuss…
Fiona De LacyGuest
Paddy RathHost
Irish CLO SPVs are typically incorporated as designated activity companies or DAC as we often know them.
All you need is two Irish resident directors, a secretary, a registered office, at least one shareholder and a minimum issued share capital, typically of one euro as these SPVs are thinly capitalised.
So the process is quite straightforward and my team can fully look after all of those obligations.
The timeline for incorporation, once paperwork is submitted to the company's registration office, is anything between maybe five to ten business days, just depending on capacity at the CRO.
The team, our corporate services group, can take responsibility for all of these obligations.
In many ways, one of the trickiest questions for the client is deciding on a naming convention for the new company.
which orphan clients can take quite a while to decide on what naming convention they're going to commit
OK, so RCLOSPVs then, as we know, are typically established as orphan vehicles, meaning that the shares in the entity are held on trust typically for charitable purposes.
We provide a nominee shareholding entity as part of our offering for the CLOs.
That entity will enter into a declaration of trust in respect of the shares of the company, typically within a couple of days of incorporation, and we will continue to hold the shares in the SPV for the duration of the transaction.
Irish CLO SPVs are typically incorporated as designated activity companies or DAC as we often know them.
All you need is two Irish resident directors, a secretary, a registered office, at least one shareholder and a minimum issued share capital, typically of one euro as these SPVs are thinly capitalised.
So the process is quite straightforward and my team can fully look after all of those obligations.
The timeline for incorporation, once paperwork is submitted to the company's registration office, is anything between maybe five to ten business days, just depending on capacity at the CRO.
The team, our corporate services group, can take responsibility for all of these obligations.
In many ways, one of the trickiest questions for the client is deciding on a naming convention for the new company.
which orphan clients can take quite a while to decide on what naming convention they're going to commit
OK, so RCLOSPVs then, as we know, are typically established as orphan vehicles, meaning that the shares in the entity are held on trust typically for charitable purposes.
We provide a nominee shareholding entity as part of our offering for the CLOs.
That entity will enter into a declaration of trust in respect of the shares of the company, typically within a couple of days of incorporation, and we will continue to hold the shares in the SPV for the duration of the transaction.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.
