Why Comparto
You have options. Here's how they compare.
Five straight answers, with no legal language.
Why not an SPV?
An SPV is an empty shell. No ISIN, no Paying Agent, no investor infrastructure — all of it still needs to be built and paid for.
Why not set up a fund?
A fund takes months to launch and years of operational overhead. That's a lot for what is often a single transaction.
Why not an AMC?
An AMC is a single wrapper around a strategy, issued by a third party. No segregation between your transactions, and no ISIN of your own.
Why not issue bonds directly?
Direct issuance puts the legal work, administration and investor servicing on your desk — and keeps the exposure on your balance sheet.
Why Comparto?
A dedicated Comparto per transaction, a genuine ISIN, and the full operational chain behind it. Live in 2–4 weeks, or 10 business days.
Comparison
Bank AMC vs Comparto.
A detailed comparison against the bank AMC — the most common benchmark. For an overview against a classic SPV or fund, see Pricing.
| Bank AMC | Comparto | |
|---|---|---|
| Time to launch | 4–8 weeks | 2–4 weeks — 10 business days for Priority Launch |
| Segregation | Limited | Full segregation, per Comparto |
| Structure | A line within the issuing bank's programme | Dedicated issuance Comparto |
| Custody | Often tied to the issuing bank | Compatible with the investor's own custodian bank |
| Dedicated ISIN | Shared with other lines in the same series | One ISIN, unique to each Comparto |
| Investor reporting | Standardised by the bank | Tailored to the Comparto's structure |
| Settlement | Through the bank's internal infrastructure | Through standard settlement rails (Euroclear/Clearstream) |
| Scaling | Constrained by existing product lines | A new Comparto per strategy, with no structural limit |
| Operational support | Shared across all the bank's clients | Dedicated to each Comparto |
Indicative comparison. Actual timelines and terms depend on the transaction.
Positioning
What Comparto is, and what it isn't.
Comparto is NOT
- A traditional investment fund
- A crowdfunding platform
- A crypto token
- A generic off-the-shelf SPV
Comparto IS
- A dedicated issuance platform
- An ISIN unique to each Comparto
- Full asset segregation
- Compatible with professional bank custody
- Built for institutional investors
Institutional adoption
Why institutions choose Comparto.
Professional custody
The security settles at the investor's own custodian bank.
Operational simplicity
One line, one ISIN, one point of contact for the entire chain.
Speed
Two to four weeks from feasibility to a subscribable security.
Segregation
Assets, cash and liabilities isolated at the level of each Comparto.
Bankability
Documentation, agents and settlement rails that meet market standards.
Dedicated ISIN
Each Comparto carries its own code, never shared.
Scalability
A new Comparto per strategy, on infrastructure that already exists.
Execution
Legal, administration, audit and reporting coordinated by a single team.
In summary
Everything a fund gives you. None of the wait.
You bring the asset. We handle structuring, issuance, banking and reporting. Your investors buy a security at their own bank.