EuroABS Limited is a fully independent company 100% owned by its management team of ex-market professionals. The EuroABS business was founded in 1999. The EuroABS website was launched in July 2000.
About EuroABS and SecRep
SecRep Limited was incorporated in 2019 specifically to provide Securitisation Repository services to the UK securitisation market. Shortly afterwards SecRep B.V. was also launched to provide equivalent services within the European Union.
Both companies were set up and run by a group including some of the ex-market professionals and IT technicians behind EuroABS. EuroABS has been providing the securitisation markets in the EU and UK with technical consultancy and a comprehensive data and information platform since July 2000, including preparation and hosting of data for regulatory purposes.
In the case of hosting for the Securitisation Regulation, the breadth of services provided by EuroABS was considered incompatible with it becoming a regulated Securitisation Repository and it was in any case necessary to hedge Brexit risk by setting up an EU entity. The decision was therefore taken to place both Securitisation Repositories in a completely separate corporate structure.
As a result of these decisions, the two Securitisation Repositories, SecRep Limited and SecRep B.V. are subsidiaries of SecRep Holdings Limited. SecRep Holdings Limited and EuroABS Limited have common ownership.
SecRep Limited, SecRep B.V. and EuroABS Limited each have their own independent corporate governance and IT systems.