Ireland is firmly recognised as a leading jurisdiction for the establishment of special purpose vehicles (“SPVs”) for structured finance transactions such as quoted eurobond issuances, repackagings, CLO and LPN structures, aircraft leasing financing and securitisations of various asset classes ranging from trade receivables to portfolios of life settlement policies. Ireland is a popular location principally because of its favourable tax regime, its status as an “on-shore” common law jurisdiction and the availability of an efficient listing process as well as excellent legal, audit and corporate administration services.