Clarity on capital structure, before capital moves.
Ascory Bank AG publishes independent information on corporate banking arrangements and structured financing mechanics — covering syndications, tranching, collateral and documentation practice. Content is provided for informational purposes only.
Ascory Bank AG does not originate, arrange or sell financial products. All material on this website is descriptive and educational in nature and does not constitute an offer, solicitation or advice to buy, sell or subscribe to any financial instrument.
Structured finance, explained in institutional terms
Our editorial and advisory-adjacent content is organised around the areas corporates and lenders ask about most.
Corporate Banking
Overviews of working capital facilities, cash management structures and relationship banking practice for mid-cap and large corporates.
Structured Financing
Explanations of tranching, waterfall mechanics, collateral pools and how structured facilities are typically documented.
Syndication & Documentation
Plain-language notes on syndicated loan process, term sheets, covenants and the roles of arrangers and agents.
Risk & Collateral
Background reading on security packages, collateral eligibility and how risk is typically allocated across a capital stack.
Cross-Border Structures
Context on how multi-jurisdictional financing arrangements are commonly structured within the European framework.
Market Commentary
General, non-personalised commentary on trends observed across corporate lending and structured finance markets.
Independent information, structured like a term sheet
We approach every topic the way a credit committee would approach a facility: definitions first, mechanics second, and caveats stated plainly. Nothing on this site is tailored advice, and no service on this site involves a fee, subscription or payment of any kind.
Where a subject depends on jurisdiction, regulation or a specific transaction, we say so and point toward the qualified professionals who should be consulted before any decision is made.
More About Ascory Bank AG
Three areas we return to most often
Reading a term sheet
How conditions precedent, covenants, margin ratchets and events of default are typically expressed, and what each clause is generally intended to protect.
Understanding tranching
A walk-through of how senior, mezzanine and subordinated tranches are commonly sized, priced and prioritised within a waterfall.
Collateral and security
What secured versus unsecured facilities generally mean in practice, and how collateral pools are typically monitored over the life of a facility.
“Every figure in a facility agreement is a decision someone made on purpose. Understanding the structure is the first step to asking the right questions.” Editorial note, Ascory Bank AG Research
Talk to the Ascory Bank AG team
If you would like clarification on any subject covered on this website, our Hamburg office is happy to point you toward the right information.
Contact Ascory Bank AG