EUROPESERVICING 2006
DIRECTOR'S CUT: SESSION 5


In this 1978 film starring Warren Beatty, a Los Angeles Rams quarterback, accidentally taken away from his body by an over-zealous angel before he was supposed to die, comes back to life in the body of a recently murdered millionaire.

When he arrives in heaven, he learns that his divinely ordained time of death has not come, but his body has been cremated. He takes on the life of a billionaire industrialist and gets his body in shape to get his old team to the SuperBowl.

The film reminds us of the premature life of NPLs that are never paid off, that come back to life as workouts or are taken to the "Superbowl" in a securitised transaction.

Were it not for special servicing, heaven would not have to wait.

The "director's cut" or "notes" were written by EuropeServicing's chief architect and host, Toni Moss, CEO of EuroCatalyst. Because the event is being held at the famous 195 Piccadilly, the home of the British Academy of Film and Television Arts, EuroCatalyst has chosen to use movie titles to theme each session. While some see films as entertainment, others recognise the art of cinema as a record of the human condition. EuroCatalyst chose titles and short clips of films to theme and inspire discussion as we bring the triumph and struggles of the European servicing sector to life over the course of the two-day EuropeServicing event. Even if you have not seen any of the films mentioned, the simple titles should tell you everything you need to know. Moss and her guest hosts look forward to interviewing the lineup of panellists who represent the best that the European servicing industry has to offer, and hope to change your perspectives about the role and importance of servicing as the stage upon which the European mortgage industry is set.