SCI Homepage SCI Database


 News Analysis


Year:  2009 |   2010 |   2011 |   2012 |   2013 |

Moving on?

18 June 2013   Structured Finance
The re-emergence of the European CLO market has many positive aspects, but corporate trust service p...
The evolving European securitisation market has seen several changes since the crisis, with many pos...

Emerging market

13 June 2013   Structured Finance
Russian RMBS, ABS issuance gathering pace
Russian RMBS issuance volume is expected to reach RUB50bn-RUB60bn this year, versus a total of RUB37...

RMBS alpha

24 May 2013   RMBS
Hedge fund appetite hinges on security selection
Relative value opportunities in legacy US non-agency RMBS remain for credit hedge funds, despite sig...

CLO shake-out

23 May 2013   CLOs
Mezz trending tighter post-FDIC rule-change
Last month's change in FDIC assessments (SCI 19 March) appears to be encouraging more asset managers...

Asian liberalisation?

20 May 2013   CDS
Signs of CDS gaining ground as Asian markets open up
The OTC derivatives market in Asia continues to be fragmented and largely weighted towards FX and in...

SEF certainty

17 May 2013   Risk Management
CFTC clears up CDS concerns
A perceived regulatory preference for CDS futures over swaps has caused serious consternation in the...

Differences of opinion

17 May 2013   RMBS
RMBS rep and warranties scrutinised
Year-to-date US non-agency RMBS issuance stands at US$7.7bn, with volumes forecast to reach US$20bn...

American influence

15 May 2013   CLOs
European CLO market moving towards US model
Recent developments in the European CLO market suggest that it is moving closer to a US-style model....

Aussie boom

9 May 2013   RMBS
Offshore interest returns as Australian RMBS picks up
The Australian RMBS market is resurgent, with volumes already on course to surpass last year's. New...

Stepping up

30 April 2013   CLOs
First-time CLO managers' to-do list discussed
As the US CLO sector continues to recover, more players are expected to enter the market. Prospectiv...

Issuance awaited

26 April 2013   RMBS
UK RMBS spreads tighten as investors lack options
No prime UK RMBS has been issued this year and that lack of issuance is helping to drive secondary s...

Single surge

19 April 2013   CMBS
Single-borrower CMBS sees heavy Q1 issuance
At around US$9bn, US single-asset/single-borrower CMBS issuance in the first quarter almost equalled...

Pre-wired flexibility

18 April 2013   CMBS
Intu CMBS could have broader attraction
The recent £800m Intu (SGS) Finance 2013 series 1 transaction represents a watershed in UK...

Ratings differentiation

10 April 2013   Structured Finance
Call for improved assessment of derivatives risk
'Too big to fail' is emerging as a mainstream concern and with it come calls for the assessment of d...

Put-back progress

4 April 2013   RMBS
RMBS repurchase cases move through courts
Lawsuits resulting from RMBS representation and warranty breaches are taking longer to progress thro...

Clearing is coming

25 March 2013   CDS
European credit derivatives participants prepare for EMIR
Mandatory central clearing has already begun in the US and is now being rolled out in Europe (SCI pa...

Single-name shut-out?

22 March 2013   Risk Management
CVA charge adds pressure to move to CDS indices
Single-name CDS liquidity has been falling for the last few years as trading concentrates on an ever...

Smart sourcing

18 March 2013   Structured Finance
Non-core asset dispositions eyed
With large US funds increasingly entering the European secondary ABS market in search of yield, Euro...

New approach

15 March 2013   Structured Finance
Unconstrained absolute return funds in vogue
New approaches to credit are being explored, as the asset class seeks to remain appealing relative t...

Euro 2.0?

12 March 2013   CLOs
European CLO market back, but not as before
Cairn CLO III printed last month, reopening the European CLO market after a lengthy hiatus. Further...

Clearing countdown

4 March 2013   Risk Management
US credit derivatives participants prepare for mandatory clearing
Mandatory swap clearing in the US for four categories of CDX and iTraxx CDS will begin next week. Ev...

Uploading answers

22 February 2013   Structured Finance
Originators get to grips with ED requirements, liabilities
The ECB deadline for submitting loan-level deal data to the European DataWarehouse is the end of Mar...

Viable exit

20 February 2013   RMBS
Private label refi initiatives gaining traction
Providing performing borrowers in non-agency RMBS pools with a viable exit from their high-interest...

Equity equations

20 February 2013   CLOs
US CLO 1.0 versus 2.0 equity relative value explored
There are several considerations for CLO equity investors looking for relative value in CLO 1.0 and...

Action consequences

19 February 2013   Structured Finance
Increased focus on rating agency performance
Competing rating agencies could gain market share due to the US Department of Justice's civil lawsui...

Turning the corner?

18 February 2013   CMBS
Growing optimism in European CMBS market
It has been a tough couple of years for European CMBS, but there are signs that the environment may...

Wake-up call

14 February 2013   Structured Finance
Change in transparency, buying behaviour needed
The recent indictment of former Jefferies trader Jesse Litvak for misrepresenting RMBS prices has se...

Expropriation example

12 February 2013   CDS
SNS could set 'dramatic' CDS precedent
The expropriation of subordinated bondholders at SNS Reaal has implications for the entire CDS marke...

Punchy proposal

11 February 2013   ABS
Mixed implications for pub paper
Punch Taverns last week announced proposed amendments to the capital structure of both its Punch A a...

Free Article Undersupply and oversubscription

8 February 2013   Structured Finance
Quarterly review and outlook for European ABS
We asked Lloyds Bank, the winners of SCI's 2011 arranger award for European consumer/credit card ABS...

GRAND template

6 February 2013   CMBS
Fourth outcome to CMBS loan resolutions emerging
The restructuring of the €4.33bn German Residential Asset Note Distributor (GRAND) transac...

Waiting for a spark

31 January 2013   Structured Finance
Structured finance recruitment prospects limited without macro change
The new year has dawned with the structured finance recruitment outlook as uncertain as it was for m...

Rallying call

30 January 2013   RMBS
Price correction warning for non-agency RMBS
The US non-agency RMBS market rallied significantly in 2012, providing double-digit returns for many...

Secured future?

28 January 2013   Structured Finance
Euro ABS, covered bond convergence contemplated
A growing number of banks are combining their European ABS and covered bonds research under the umbr...

Adding value

23 January 2013   Structured Finance
Noteholder disputes, counterparty downgrades and pricing for amendments discussed
Representatives from leading corporate trust service providers met with SCI in December to discuss t...

Year of the cat?

22 January 2013   Insurance-linked securities
ILS issuance and innovation to increase
Vitality Re IV - the first catastrophe bond of 2013 - priced last week as the in...

MSR issue

8 January 2013   RMBS
BofA agreement sparks prepay concern
Bank of America has reached a US$10.3bn settlement to resolve outstanding repurchase agreements on r...

back to top




free one month trial Structured Credit Investor

 Search

 Get a price


"SCI delivers relevant and insightful editorial for those operating in the structured credit and asset backed markets. As a subscriber we have found it a useful resource to keep abreast of the key issues and news affecting our industry, whether it’s up to the minute deal information, analysis of regulatory issues, technology news or people moves. Its growing data business and focused conference programme demonstrate that the team understands what the market wants and they are dedicated to delivering that intelligence via the most useful channels. All of Principia’s work with the SCI team has been collaborative and their input, as well as the platform itself, has been a valuable contribution to our overall marketing efforts" - Douglas Long, EVP Business Strategy, Principia Partners

SCI publishes news, prices and data on the structured credit and Asset backed securities (ABS) markets. We help investors by publishing thoughtful and in-depth analysis together with a variety of actionable data points on secondary market trade pricesdeal data, pipeline deals coming to market, ABS and CDO issuance data, league tables and CDO Manager Transfer data
We cover all ABS & structured credit including Collateralised loan obligations (CLO), Residential mortgage backed securities (RMBS), Commercial mortgage backed securities (CMBS), Collateralised debt obligations (CDO), Credit default swap (CDS) or Insurance linked securities (ILS). And there are several other news categories besides, covering all aspects of structured finance. SCI is aimed at the buy-side; our mission is to provide deeper and more accurate coverage of structured finance to market participants than is available elsewhere. Our readership includes portfolio managers, broker-dealers, hedge funds, CDO managers, asset managers, banks and CFOs the world over. Register for a two week free trial today or subscribe to SCI.

SCI also offers a series of educational and networking conferences in London and New York on the Regulations, Pricing and Risk Management.

SCI Data
Scondary market prices
ABS/CDO Database
CMBS Loan Events
Deal Pipeline
Market Reports
Arranger League Tables
CDO Manager Transfers
CDS Single Name Movers
Job Swaps Search















  Categories Please read our Terms and ConditionsPrivacy Policy  before using the site.   FAQ Copyright © SCI 2006-2013