The Dutch securitisation market looked increasingly mature in 2023. What stands out is not only the continuing activity of established names, but the breadth of issuer types now visible in the market. Banks, insurers, specialist lenders and consumer finance originators all appear active, and they do so within a market that still prizes transparency and execution discipline.
ING’s Green Lion shelf, ASR’s Orcinus and Delphinus programmes, Obvion’s Green Storm, Aegon’s SAECURE, Qander’s Aurorus and Domivest’s Domi programme all illustrate this broader issuer base. Hiltermann also remained visible in specialty ABS. That combination suggests a market that is both more diverse and more standardised than in earlier cycles.
The role of loan-level reporting and strong disclosure now appears fully internalised. It is no longer a point of transition. It is part of the market’s standard operating framework. That is one of the clearest reasons the Dutch market now appears able to support a wider range of issuers without losing credibility.
2023 transaction list
24-02-2023 | Domivest B.V. | Domi | Domi 2023-1 B.V. | Residential Mortgages 23-03-2023 | Obvion N.V. | Green Storm | Green Storm 2023 B.V. | Residential Mortgages 19-05-2023 | Hiltermann Lease Groep Holding B.V. | HILL FL | HILL FL 2023-1 B.V. | Auto Loans and Leases 24-05-2023 | Aegon Hypotheken B.V. | SAECURE | SAECURE 21 B.V. | Residential Mortgages 13-07-2023 | ASR Levensverzekering N.V. | Delphinus | Delphinus 2023-I B.V. | Residential Mortgages 10-08-2023 | ASR Levensverzekering N.V. | Orcinus | Orcinus 2023 B.V. | Residential Mortgages 04-10-2023 | ING Bank N.V. | Green Lion | Green Lion 2023-1 B.V. | Residential Mortgages 12-10-2023 | Qander Consumer Finance B.V. | Aurorus | Aurorus 2023 B.V. | Consumer Loans