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Digital Schuld­schein issuance

There is hardly a more success­ful financial instrument than the Schuld­schein - a traditional German debt instrument. Although it is already a standard product, re­inventing it has proven to be a worth­while under­taking.

A seamlessly digital process

So, why is that the case? Klaus Schuler, head of CRM Large Corporates at Helaba and Dr. Peter Kollmann, CFO of Verbund AG, who collaborated in settling the first Schuld­schein in a seamlessly digital process, explain the reasoning behind this rethink.

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The vc trade platform

Stefan Fromme, co-founder and managing director of vc trade, has also dedicated himself to digitising the process of issuing Schuld­schein notes, the majority of which is standardised. The result is a platform solution that reproduces the whole established process, from the issuer all the way to the investor with the partici­pation of the bank, in a fully digital format. Issuers, investors, the arranging banks as well as lawyers and rating agencies benefit from a seamless and transparent channel of communi­cation, shared data and document room as well as from built-in interfaces to the settle­ment systems. In this way, the vc trade platform enhances the transparency, efficiency and speed of the issue and significantly reduces the costs of the transaction.

Helaba, as one of the leading arrangers of Schuld­schein loans, recognised the potential of the digital platform at an early stage. "We contribute the transactions and the investors and the platform then helps to make the lending process faster and more efficient," says Andreas Petrie, who is responsible for primary market activities at Helaba.

"We contribute the trans­actions and the investors and the platform then helps to make the lending process faster and more efficient."

Andreas Petrie
Head of Primary Markets

Andreas Petrie, Head of Primary Markets

Helaba was able to secure Verbund AG, Austria's leading electricity generator, as the first-ever issuer on vc trade. For the energy company, which generates most of its energy from hydro­electric power, the bank successfully placed a 10-year "green" Schuld­schein in an amount of 100 million euros.

"We are delighted that it was possible to place the Schuld­schein within the envisaged time­frame and at the agreed conditions," stresses Peter Kollmann, CFO of Verbund AG. "Digital issuance using vc trade in combi­nation with Helaba's long-standing expertise has proven its worth".

For Stefan Fromme, co-founder and managing director of vc trade, the launch of the platform was also a success: “In Helaba, we are happy to have found a very experienced partner whose far­sighted vision and desire for inno­vation have played a critical role in ac­companying and supporting us on our way to the issuing the first trans­actions. The pending deal pipe­line shows us that we are on the right track."

"In Helaba, we are happy to have found a very experienced partner whose far­sighted vision and desire for innovation have played a critical role in accom­panying and supporting us on our way to the issuing the first trans­actions"

Stefan Fromme
Co-founder and Managing Director of vc trade

Stefan Fromme, Co-founder and Managing Director of vc trade
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