The Prime Collateralised Securities initiative (PCS) is an independent, not-for-profit initiative set up to re-inforce the asset-backed securities market in Europe as a key to generating robust and sustainable economic growth for the region. At the heart of the PCS initiative are its True Sale and Risk Transfer Labels designed to enhance and promote standards of quality, transparency and simplicity throughout the asset-backed market.
PCS Launches new Risk Transfer Label
On 23rd February PCS launches its new PCS Risk Transfer Label. This label will join PCS’ successful True Sale Label and will be awarded to risk transfer instruments that meet all the criteria selected by PCS and identifying the key elements for a simple, transparent and standardised instrument.
For more, please go to our PCS Risk Transfer Label launch page.