Salvadorean Security Comission
in Central America
Friday, April 5, 2013
A proposal has been made that the
municipalities seek financing by securitizing their income, requiring information on their financial capacity.
From a press release issued by the Legislative Assembly of
Monday, November 7, 2011
Risking future income rather than tangible assets is a good choice for investment financing, using working capital or debt restructuring.
Securitization of future income is an instrument used for the first time by the Liceo Frances on
El Salvador’s Stock Exchange.
Tuesday, August 2, 2011
The new supervisory body merges the former Superintendency of Securities, Pensions and
Superintendencia del Sistema Financiero (Financial Superintendency System), the body will presided over by Victor Ramirez, who served as chief of the superintendency of the same name.
Monday, January 31, 2011
AFP Crecer was acquired for $103 million by Colombian company Protección S.A.
While the transaction has already been signed by both companies, the approval of financial supervisory authorities still remains.
Monday, November 2, 2009
Regulators in New York and El Salvador have signed a memorandum of understanding between their two jurisdictions.
It was signed by New York State Insurance Commissioner James J. Wrynn and
Victor Antonio Ramirez, commissioner of the Superintendencia del Sistema Financiero de El Salvador (SSF).
Monday, July 21, 2008
Hencorp Valores, set up in Miami with Salvadoran capital, is to become the first company in El Salvador to offer securitization of mortgage and debt portfolios.
Hencorp is the first company to be approved by the market regulator to handle business under a Securitization Law that came into force last November.