|
The same factors that enhanced the development of the banking, insurance, and mutual fund industries in the Cayman Islands proved of similar benefit to the development of the capital markets and structured finance transactions. Specifically, the political and economic stability, the absence of taxation, withholding tax and exchange control and the presence of highly sophisticated service providers provided a hospitable financial environment for the development of the debt issuing special purpose vehicle. Furthermore, the Cayman Islands Government, introduced no disincentive by way of unnecessary regulation: capital markets securitizations and the structured finance transaction falls outside from the provisions of the Mutual Funds Law. Specific legislation provided additional certainty on the question of netting and set off. |
Cayman Advantages
Our specialists in this area are: |