{"id":263,"date":"2026-05-13T14:16:54","date_gmt":"2026-05-13T14:16:54","guid":{"rendered":"https:\/\/acofi.it\/?page_id=263"},"modified":"2026-05-13T16:09:18","modified_gmt":"2026-05-13T16:09:18","slug":"come-funziona","status":"publish","type":"page","link":"https:\/\/acofi.it\/en\/come-funziona\/","title":{"rendered":"How it works"},"content":{"rendered":"<div class=\"wp-block-group alignfull is-style-ext-preset--group--natural-1--section has-background-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\" style=\"margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--70);padding-bottom:var(--wp--preset--spacing--70)\">\n<div class=\"wp-block-columns alignfull is-layout-flex wp-container-core-columns-is-layout-174606dc wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-bottom is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image alignwide size-full is-style-ext-preset--image--natural-1--image-1--content-right ext-animate--on\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1536\" height=\"1024\" src=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/ambito-finanziario.png\" alt=\"\" class=\"wp-image-268\"\/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading has-text-align-center ext-animate--on\">If you are a professional or institutional investor<\/h2>\n\n\n\n<p class=\"ext-animate--on\" style=\"margin-top:1.5rem\">Below is a summary of the process for becoming an investor in our projects.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull is-style-ext-preset--group--natural-1--section has-background-background-color has-background is-layout-constrained wp-block-group-is-layout-constrained\" style=\"margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--70);padding-bottom:var(--wp--preset--spacing--70)\">\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-174606dc wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<figure class=\"wp-block-image alignleft size-large is-style-ext-preset--image--natural-1--image-1--content-right ext-animate--on\"><img decoding=\"async\" width=\"1024\" height=\"611\" src=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Energyindustrial-project.png\" alt=\"\" class=\"wp-image-283\" srcset=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Energyindustrial-project.png 1623w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Energyindustrial-project-300x179.png 300w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Energyindustrial-project-1024x611.png 1024w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Energyindustrial-project-768x459.png 768w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Energyindustrial-project-1536x917.png 1536w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Energyindustrial-project-18x12.png 18w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading has-text-align-center ext-animate--on\">If you are a project promoter in the energy or industrial sector<\/h2>\n\n\n\n<p class=\"ext-animate--on\" style=\"margin-top:1.5rem\">If you have an energy or industrial project and wish to raise capital to fund it, the main steps are outlined below.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<div class=\"wp-block-group alignwide is-style-ext-preset--group--natural-1--section has-background-background-color has-background is-vertical is-content-justification-center is-layout-flex wp-container-core-group-is-layout-d6e15443 wp-block-group-is-layout-flex\" style=\"margin-top:0;margin-bottom:0;padding-top:var(--wp--preset--spacing--70);padding-bottom:var(--wp--preset--spacing--70)\">\n<div class=\"wp-block-group alignwide ext-is-logical-start is-content-justification-left is-layout-constrained wp-container-core-group-is-layout-20186816 wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading has-text-align-center ext-animate--on\">Frequently Asked Questions<\/h2>\n\n\n\n<p class=\"ext-animate--on\">This section provides answers to frequently asked questions, helping users to find the information they need quickly and easily.<\/p>\n\n\n\n<p><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-08c01c1c wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-center ext-animate--on is-layout-flow wp-container-core-column-is-layout-119bc444 wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-style-ext-preset--group--natural-1--item-card-1--align-start is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-style-default is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading\">What is an AMC?<\/h3>\n\n\n\n<p>A Swiss AMC (Actively Managed Certificate) is a financial certificate issued by a bank that tracks an actively managed strategy or portfolio. It is far more flexible and quicker to set up than a traditional fund; it enables international investors to gain access to selected energy and industrial projects through an efficient, institutional approach.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column ext-animate--on is-layout-flow wp-container-core-column-is-layout-119bc444 wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-style-ext-preset--group--natural-1--item-card-1--align-start is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-style-default is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading\">What is securitisation?<\/h3>\n\n\n\n<p>Securitisation is a financial transaction in which future cash flows are converted into securities (<strong><u>bond<\/u><\/strong>) available for sale to investors.<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group is-style-default is-layout-constrained wp-block-group-is-layout-constrained\">\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What is an SPV?<\/h3>\n\n\n\n<p>An SPV (Special Purpose Vehicle) is a company set up specifically for a particular purpose. Each project has its own SPV, which offers numerous advantages: risk isolation, operational transparency and efficient cash flow management.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns alignwide are-vertically-aligned-center is-layout-flex wp-container-core-columns-is-layout-967d05ff wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--40)\">\n<div class=\"wp-block-column is-vertically-aligned-center ext-animate--on is-layout-flow wp-container-core-column-is-layout-119bc444 wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-style-ext-preset--group--natural-1--item-card-1--align-start is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-style-default is-layout-constrained wp-block-group-is-layout-constrained\">\n<h3 class=\"wp-block-heading\">Why Switzerland?<\/h3>\n\n\n\n<p>This is because Switzerland excels in private banking and international finance, and also boasts a highly specialised infrastructure in this sector, built up over many years of experience.<\/p>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-center ext-animate--on is-layout-flow wp-container-core-column-is-layout-119bc444 wp-block-column-is-layout-flow\">\n<div class=\"wp-block-group is-style-ext-preset--group--natural-1--item-card-1--align-start is-layout-grid wp-container-core-group-is-layout-478b6e6b wp-block-group-is-layout-grid\"><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-967d05ff wp-block-columns-is-layout-flex\" style=\"margin-top:var(--wp--preset--spacing--40)\">\n<div class=\"wp-block-column ext-animate--on is-layout-flow wp-container-core-column-is-layout-119bc444 wp-block-column-is-layout-flow\"><\/div>\n\n\n\n<div class=\"wp-block-column ext-animate--on is-layout-flow wp-container-core-column-is-layout-119bc444 wp-block-column-is-layout-flow\"><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-media-text is-stacked-on-mobile is-style-default\"><figure class=\"wp-block-media-text__media\"><img decoding=\"async\" width=\"470\" height=\"611\" src=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Immagine-2026-05-13-165202.png\" alt=\"\" class=\"wp-image-680 size-full\" srcset=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Immagine-2026-05-13-165202.png 470w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Immagine-2026-05-13-165202-231x300.png 231w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Immagine-2026-05-13-165202-9x12.png 9w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<p><strong>Why aren\u2019t SPVs subject to bankruptcy?<br><\/strong>The SPVs used in securitisation transactions are structured to be \u2018bankruptcy-remote\u2019, meaning they are insulated from the risk of insolvency of the originator or sponsor.<\/p>\n\n\n\n<p>Indeed, the Bank of Italy\u2019s regulation also defines a special purpose vehicle as an entity \u2018insulated from the risk of bankruptcy or any other form of insolvency that might affect the transferor\u2019, as can be seen in the section highlighted opposite.<\/p>\n\n\n\n<p>By clicking on the button below, you can view the full document issued by the Bank of Italy.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-a89b3969 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-align-center wp-element-button\" href=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/Provvedimento-SPV-sito.pdf\">Read the article<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<h1 class=\"has-text-align-center wp-block-site-title\"><a href=\"https:\/\/acofi.it\/en\" target=\"_self\" rel=\"home\">A.C.O.F.I.<\/a><\/h1>\n\n\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI.png\" alt=\"\" class=\"wp-image-547\" style=\"width:259px;height:auto\" srcset=\"https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI.png 512w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI-300x300.png 300w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI-150x150.png 150w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI-12x12.png 12w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI-270x270.png 270w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI-192x192.png 192w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI-180x180.png 180w, https:\/\/acofi.it\/wp-content\/uploads\/2026\/05\/cropped-Logo-ACOFI-32x32.png 32w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Contact:        info@acofi.it<\/h2>\n\n\n\n<p>\u00a9Copyright. All rights reserved.<\/p>\n\n\n\n<p><\/p>","protected":false},"excerpt":{"rendered":"<p>Se appartiene alla categoria degli investitori professionali o istituzionali Di fianco \u00e8 riportata una sintesi del processo attraverso il quale \u00e8 possibile aderire ai nostri progetti in qualit\u00e0 di investitore. Se \u00e8 promotore di un progetto nel settore energetico o industriale Se dispone di un progetto energetico o industriale e desidera reperire capitali per la [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_angie_page":false,"footnotes":""},"class_list":["post-263","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/pages\/263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/comments?post=263"}],"version-history":[{"count":141,"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/pages\/263\/revisions"}],"predecessor-version":[{"id":844,"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/pages\/263\/revisions\/844"}],"wp:attachment":[{"href":"https:\/\/acofi.it\/en\/wp-json\/wp\/v2\/media?parent=263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}