Funding Through the Securitization of Bridge Loan Receivables and Other Loans
First written in FY2019-Q1. 4 of 6 entries say "Restated". Latest entry: FY2024.
0 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Sumitomo Mitsui Banking Corporation; Trust Agreement for Bridge Loan Receivables and Receivables for Consideration on Transferred Assets; Agreement concerning the securitization of bridge loan receivables and receivables for consideration on transferred assets」
The Company continued the existing securitization agreement for bridge loan receivables and the master trust agreement concerning the securitization of mortgage receivables. - FY2021-Q3AdvancedAnnual report
「Counterparty: Mitsubishi UFJ Trust and Banking Corporation; Agreement name: Master Trust Agreement for Mortgage Receivables and Money; Agreement details: Agreement concerning the securitization of mortgage receivables and other matters; Term: From the date each individual trust agreement is established until the trust terminates (agreement entered into on 28 December 2020)」
In addition to the existing securitization agreement for bridge loan receivables and other assets, the Company entered into a master trust agreement with Mitsubishi UFJ Trust and Banking Corporation concerning the securitization of mortgage receivables and other matters on 28 December 2020. - FY2019RestatedAnnual report
「Because the bridge loan receivables and other assets securitized under this trust agreement meet the derecognition requirements for financial assets, in securitization transactions conducted on or after 15 May 2018, the Company has deducted the relevant bridge loan receivables and other assets from trade receivables and operating loans on the consolidated balance sheet when the securitization was executed.」
The Company continued the securitization of bridge loan receivables and other assets under the trust agreement entered into on 30 March 2018, together with the related deductions from the balance sheet. - FY2019-Q3RestatedAnnual report
「As a result of entering into this agreement, the amounts deducted from trade receivables and operating loans were ¥344.840 million and ¥7,703.080 million, respectively.」
The Company continued securitizing bridge loan receivables and other assets under the trust agreement entered into on 30 March 2018 and updated the amounts deducted from the balance sheet. - FY2019-Q2RestatedAnnual report
「As a result of entering into this agreement, the amounts deducted from trade receivables and operating loans were ¥52.300 million and ¥6,863.990 million, respectively.」
The Company continued securitizing bridge loan receivables and other assets under the trust agreement entered into on 30 March 2018, and states that trade receivables of ¥52.300 million and operating loans of ¥6,863.990 million were deducted. - FY2019-Q1First statedAnnual report
「On 30 March 2018, the Company entered into a new trust agreement for bridge loan receivables and receivables for consideration on transferred assets. Because the bridge loan receivables and other assets securitized under this trust agreement meet the derecognition requirements for financial assets, in securitization transactions carried out on or after 15 May 2018, the Company has deducted the relevant bridge loan receivables and other assets from trade receivables and operating loans on the quarterly consolidated balance sheet when the securitization was executed. As a result of entering into this agreement, the amounts deducted from trade receivables and operating loans were ¥141.780 million and ¥6,833.810 million, respectively.」
Under the new trust agreement, the Company introduced a mechanism to deduct bridge loan receivables and other assets from the balance sheet in securitization transactions conducted on or after 15 May 2018, reducing trade receivables by ¥141.780 million and operating loans by ¥6,833.810 million.