PCS Labels

When it was set up in 2012, one of the most important ways in which the PCS initiative sought to fulfil its mission to re-inforce asset-backed securities as a sustainable investment and funding tool to strengthen the European economy, was by awarding the PCS True Sale Labels to specific asset backed instruments.  In 2017, PCS also added a Risk Transfer Label to support securitisations where the investors assumed risk without a sale of the assets.

Since 2019, the PCS labels have been superseded by the STS standard.  However, many extant transactions continue to have the benefit of the PCS Labels.  The list of these may be found here and here.

PCS still offers the Labels both True Sale and Risk Transfer and any party interested in obtaining a label should contact us at info@pcsmarket.org.

Further information

      • PCS Risk Transfer Procedures Manual more >
      • PCS True Sale Procedures Manual more >
      • PCS Risk Transfer Terms and Conditions more >
      • PCS True Sale Terms & Conditions more >