artadys.com is the live demo. It shows the process: eligible credit perimeter → investor-ready debt → execution at closing. For Cherry Bank, the specific angle is external credit-risk transfer, not only funding.
ARTedyX / its investors can buy €25m–€150m of performing credit risk where Cherry Bank wants risk transfer outside its balance sheet.
Public 2024 figures, used only to frame the transaction discussion. They are not Cherry confidential data.
A funding securitisation can provide liquidity. But if Cherry keeps the junior / first-loss position or remains fully exposed to credit risk, the transaction is not the same as a clean external risk sale.
ARTedyX / investors review buying performing credit risk. The business point is simple: identify an eligible perimeter, price the risk, and transfer that risk outside Cherry where agreed.
Public reporting on Cherry Bank’s SME securitisation with JPMorgan described senior financing and Cherry retaining the junior tranche / full risk exposure, with no accounting derecognition effect. This is exactly why the ARTedyX discussion should be framed as external credit-risk transfer, not funding only.
Demo structure only. Not Cherry confidential data. The table below shows the fields needed to move from balance-sheet context to a financeable risk-transfer discussion.
| Loan ID | Borrower Type | Sector | Region | Balance | Rate | Maturity | Status | Days Past Due | Guarantee | Collateral | Risk Weight / RWA | Expected Loss | Recovery History | Eligibility |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CB-SIM-001 | SME | Manufacturing | Veneto | €2,400,000 | 6.8% | 36m | Performing | 0 | SME Fund | None | Provided by bank | 0.9% | Clean | Eligible |
| CB-SIM-002 | SME | Services | Lombardy | €1,150,000 | 7.2% | 30m | Performing | 0 | SACE | None | Provided by bank | 1.1% | Clean | Eligible |
| CB-SIM-003 | Corporate | Logistics | Emilia-Romagna | €3,850,000 | 6.4% | 48m | Performing | 0 | None | Receivables pledge | Provided by bank | 1.4% | Clean | Eligible subject to concentration |
| CB-SIM-004 | SME | Construction | Marche | €950,000 | 7.6% | 24m | Performing | 7 | SME Fund | None | Provided by bank | 1.8% | Minor delays | Watchlist |
| CB-SIM-005 | SME | Food | Veneto | €1,780,000 | 6.9% | 42m | Performing | 0 | None | Mortgage security | Provided by bank | 1.0% | Clean | Eligible |
| CB-SIM-006 | SME | Retail | Friuli | €620,000 | 8.1% | 18m | Performing | 0 | None | Inventory pledge | Provided by bank | 2.0% | Clean | Eligible subject to collateral review |
| CB-SIM-007 | Corporate | Energy services | Italy | €5,200,000 | 6.2% | 60m | Performing | 0 | SACE | None | Provided by bank | 0.8% | Clean | Eligible |
| CB-SIM-008 | SME | Healthcare supplier | Italy | €1,320,000 | 7.0% | 36m | Performing | 0 | SME Fund | None | Provided by bank | 1.0% | Clean | Eligible |
Pool size, borrower segments, sectors, geographies, maturities, status, exclusions and concentration limits.
Expected loss, stress loss, weighted rate, maturity profile, guarantees, collateral and recovery assumptions.
Internal risk weight / RWA indications where available, used to assess whether a risk-transfer discussion is commercially relevant.
Defined assets, eligibility covenants, excluded loans, substitution rules and reporting package.
SPV issuer, purchase perimeter, yield range, maturity, waterfall, reporting and investor output.
Investor-ready data room, term sheet inputs, ISIN/listing path, DVP settlement logic and monitoring dashboard.
