Cash trap level in data centre ABS

Where is the cash trap set in data centre securitisations? In the filed data centre master trusts the issuer keeps excess cash while the three-month average DSCR stays above the cash trap level. Below it, excess cash is held until the ratio recovers.

1.30x to 1.35x on a three-month average, tested by class in one trust3 filed deals · as at 27 October 2026

Randeep Bubbra | Lawyer | Making the next generation of infrastructure financeable · Firm profile · Updated 27 October 2026

As at 27 October 2026. This page keeps its address when it is updated, so it can be cited. If a newer filing changes a term, tell us.

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How a data centre ABS cash trap ends

Two consecutive months above the level, three in one trust

Method

Levels are taken from the filed documents quoted above and summarised in the clause library. Where only a few deals are public, the range is narrow by necessity; a private deal can sit outside it. General information drawn from public filings. It is not legal advice on any transaction, and using this page does not create a lawyer-client relationship. Views are personal.