Key takeaways 

  1. The new partnership between BearingPoint and autobiz brings together a modern refinancing-as-a-service and ABS platform with Europe's most robust automotive market value data.
  2. The partnership empowers banks, captives, and leasing companies to significantly enhance the securitization of their auto lease and loan portfolios delivering more stable and IFRS-compliant residual values, improved tranche structures, reduced credit enhancements, and stronger STS potential.
  3. By integrating autobiz's market and future value data directly into BearingPoint's platform, both partners create a genuine 1+1>2 effect with economically considerable impact on an originator's business case

Why are automotive residual value securitizations so challenging?

Residual values are a critical driver of performance in auto lease and loan securitizations. Investors, rating agencies, and regulators including the EBA and ECB  require data that is conservative, stable, regularly reviewed, and IFRS-compliant.

At the same time, finance providers struggle with volatile used-car markets, differing country dynamics, inconsistent valuation methods, and historical data gaps. The outcome: higher credit enhancement levels, less attractive tranche structures, increased funding costs, and more complex STS approval processes.

Why Is the combination of autobiz and BearingPoint unique?

  • autobiz | Europe's leading provider of automotive market values

    • 20+ years of experience across 22 European markets
    • Daily valuation updates based on millions of scanned classified ads
    • IFRS-compliant, externally audited valuation methodology
    • Future Value forecasts based on 72-month depreciation models
    • Conservative, stable values fully aligned with EBA expectations (Q&A 2019_5016)
    • Expertise in B2C/B2B valuations, VIN decoding, and audited data processes

  • BearingPoint | Refinancing-as-a-Service platform & securitization expertise

    • Market-proven refinancing-as-a-service and securitization platform
    • End-to-end solution for data integration, portfolio construction, risk analysis, and simulation
    • Automated tranche creation and deal documentation
    • Integrated STS checks and regulatory transparency capabilities
    • Trusted partner for banks, captives, and leasing companies across Europe

How does the "1+1 > 2" effect emerge?

By embedding autobiz's residual value data and future value forecasts into BearingPoint's ABS platform, clients gain a fully integrated solution across the securitization lifecycle:

  • Better tranching & higher rating potential

    More stable and conservative valuations reduce volatility in cashflow modelling. Accurate future values enable more reliable LGD and maturity analyses.

  • Lower credit enhancements & reduced guarantees

    More precise valuations reduce uncertainty and therefore capital buffers.

  • Easier STS compliance

    EBA-aligned, conservative, and periodically reviewed data supports key STS requirements per Q&A 2019_5016.

  • Better pricing & stronger investor appetite

    Transparent, audit-ready data increases investor confidence and enables tighter spreads.

  • Full lifecycle transparency

    From portfolio construction to valuation, provisioning, risk steering, and securitization.

What does this economically mean for an originator's business case?

Assuming an illustrative reference transaction with the following features: 

  • €1.0bn auto lease securitization portfolio 
  • Residual value share: 25–35% 
  • WAL: 2.5–3.5 years 

Applying a typical tranching and pricing methodology, may lead to the following illustrative results: 

#1

Lower credit enhancement requirements

  • Typical CE reduction: 50–150 bps 
  • Capital relief: €5–15m less first‑loss / junior retention per €1bn portfolio 

#2

Improved tranching & rating headroom

  • Higher stability enables larger senior tranches 
  • Up to one rating notch uplift potential for mezzanine tranches 
  • Improved cashflow resilience in stress scenarios 

#3

Funding cost impact | €1.0–1.5m p.a.

  • Senior tranche spread improvement: 5–15 bps 
  • Mezzanine tranche improvement: 15–40 bps 
  • Indicative recurring funding benefit: €1.0–1.5m p.a. per €1bn transaction 

#4

STS & Regulatory cost avoidance | 6-figure €

  • Reduced remediation effort and faster STS processes 
  • Lower legal, audit, and advisory costs 
  • High six‑figure € cost avoidance per transaction 

Methodology note - Credit enhancement impact

  1. The quantified credit enhancement (CE) effects in this article are based on standard auto ABS structuring logic and indicative simulations. 
  2. For a representative €1.0bn auto lease securitization (residual value share approx. 25–35%, WAL 2.5–3.5 years), required CE is largely driven by stressed residual value assumptions, loss‑given‑default under rating scenarios, and late‑cycle cashflow volatility. 
  3. Using audited, IFRS‑compliant, and forward‑looking residual value data can reduce uncertainty in stressed scenarios, leading to lower required subordination or over‑collateralisation. In typical structures, this can justify a CE reduction of around 0.5–1.5 percentage points (50–150 bps). 
  4. Applied to a €1.0bn portfolio, this corresponds to approximately €5–15m less junior / first‑loss capital required. 
  5. Figures shown are illustrative only; actual outcomes depend on portfolio

Best practices for financial institutions, captives & leasing companies

  • Use transparent and IFRS-compliant valuation models, autobiz delivers these across 22 markets.
  • Link tranching models closely with market value data, enabled by BearingPoint's integrated platform.
  • Perform regular residual value reviews to meet EBA/ECB expectations.
  • Leverage predictive models to reduce uncertainty in future value assessments.

  • Automate data integration to reduce operational risk and improve consistency.

Frequently asked questions

Secure your pilot project

Validate the impact of the integrated solution on your own portfolio. We're launching an exclusive pilot to quantify the economic, rating, and regulatory impact using your real portfolio data.

- Duration: 6–8 weeks
- Representative portfolio (live or historical)
- Free of charge for the first 3 participants

Final deliverable: A C-level decision pack answering one clear question — Is this economically relevant for us?

  • 1.

    Scope definition & baseline

    • Define success KPIs (CE, pricing, ratings, STS)
    • Review current RV approach
    • Secure IT & data setup
  • 2.

    Integration & simulation

    • Integrate autobiz market & future values
    • Re-run transaction economics
    • Compare baseline vs. optimized results
  • 3.

    Executive decision pack

    • Quantified € and bps impact
    • Rating and regulatory implications
    • Roadmap for production roll-out

Request your pilot spot now

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