|
Issue 136 - May 13th
|
KBC's bailout puts spotlight on other MBIA policyholders
|
Issue 137 - May 20th
|
Can the high yield rally keep going?
|
Issue 136 - May 13th
|
But hung commercial real estate loan problem remains
|
Issue 135 - May 6th
|
Over 100 apply for PPIP role
Auction determined for Syncora
IOSCO ABS/CDS recommendations released
Largest monthly deterioration recorded for CMBX
Assured IFSR downgraded
Greater alignment expected between credit risk and spreads
EM Q1 ABS issuance buoyed by Mexican CLNs
Fitch updates RMBS cashflow analysis
Supplemental risk measures applied to EMEA CMBS ...
... and to CDOs
CDS volumes remain light ...
... but liquidity continues to improve
DB closes US CLO
Market value CLO restructured
Stress testing systemic risk
Dramatic improvement for troubled company index
EC's AIFM directive criticised
CMBS special servicers under pressure
Greek mortgage support measures 'positive'
SROC results in for Asia ...
... and Europe
CSOs impacted
ABS CDOs downgraded ...
... and ratings withdrawn
US$52.9bn CRE CDOs downgraded ...
... while others are on review
European LSS hit
A round up of this week's structured credit news
|
Issue 135 - May 6th
|
Moves are afoot to address ratings migration within Basel 2
|
Issue 134 - April 29th
|
Decision on MBIA succession event delayed
CLO/leveraged loan disconnect widens
Progress for European standardised CDS contract
Monoline suspends claims payments
Manager signals PPIP intent
ISDA launches protocol for Edscha ...
... while two auctions are settled
Rapid rise in default rates for March remits
Whistlejacket auction results imminent
Repo-eligible Russian ABS rated
CDS CCP plan is "flawed"
Six months to IAS 39 replacement proposal
Royal Park Investments financing agreed
Credit event for Primus ABS CDS ...
... while NewLands notes/loan on review
Carrera downgraded ...
... as restructured SIV notes are placed on watch
HSBC discloses payments in CLO buyback
AIMA criticises draft EC regulation
RFC released on SME CLO approach
HVB brings new Geldilux CLO
Provisional BIS data released
Derivatives use among large companies continues growing
SF CDOs hit
Japanese CMBS loan default rate doubles
CDS efficiency praised by City of London Corp
US CLO issuance to remain low, S&P
European office occupational markets hit
German auto ABS to remain stable
Microfinance CLO hit
South African ABS market now hit by credit crisis
Dutch mortgage lending tightening could harm RMBS
SF CDOs downgraded
A round up of this week's structured credit news
|
Issue 134 - April 29th
|
Latest LCDX roll to provide viable CLO hedging tool?
|
Issue 133 - April 22nd
|
End-2008 CDS notionals at US$38.6trn, ISDA
Debut determination made by ISDA committee ...
... while GGP LCDX auction called ...
... and five other CDS settlement prices decided
Home price index declines further ...
... while additional private-label RMBS losses forecast
Minimal growth for CDS notionals, DTCC
EC approves UK ABS guarantee scheme
EU sub-IG default expectations rise sharply
Favourable seasonal effects expected for ABX
CDS trade processing continues to improve
New TALF loan terms announced
Big bang set to enhance liquidity of liquid CDS
Monoline's ratings affirmed
CRE CDO delinquencies continue rising ...
... while par value test is triggered
Significant growth recorded in derivatives collateral
Pool-specific performance data crucial to intrinsic value
Parameter uncertainty explained
Improvements noted in CDS spreads, loan prices
Impact of valuation/leverage on procyclicality explored ...
... as Basel Committee releases final fair value guidance
Bank plans CLO buybacks
Effect of loan rally on CLOs to be deal-specific
Potential noted for double-counting in SF CDO capital charges
Negative outlook for global RMBS
ABSXchange enhanced
French car scheme to have neutral impact on auto ABS
TARP money to be returned 'only if in national interest'
Sovereign CDS data pack released
A round up of this week's structured credit news
|
Issue 133 - April 22nd
|
Lower loan requests a cause for concern?
|
Issue 132 - April 15th
|
FASB releases additional fair value guidance
More effective ways of solving the crisis?
Ambac IFSR downgraded to junk
Retranched LCDX hedging opportunities analysed
'Bad bank' for Germany?
Deadline given for monoline's remediation
Speculative-grade default rates rise sharply
US$76.1bn CRE CDO/Re-REMICs on review
US CLOs fail O/C tests further up capital structure
TRUP CDO/combo notes hit
Loss expected for EVVLF MTNs
Monoline terminates Ram Re exposures
Downgrades likely for triple-A MV CDO tranches
Role of central banks analysed
Mortgage secondary market analysis tool launched
Correlation independent of tranche maturity
Discounted securities accounting practice questioned
Source code solution released for pricing tool
Lender outsources management of mortgage defaults
Challenges ahead for Canadian structured finance
Government move to have limited impact on Australian RMBS
European synthetic CDOs impacted
A round-up of this week's structured credit news
|
Issue 132 - April 15th
|
Listless muni CDS market seeks more action
|
Issue 131 - April 8th
|
Next steps for improving OTC infrastructure
Idearc LCDS auction approved
CDS gross notionals rise
FSF pro-cyclicality recommendations released
CLO spreads widen on downgrade risk
More TALF-eligible deals completed ...
... while second TALF facility requests revealed
US$7trn CDS compressed in Q109
SF CDO assumptions updated
Card delinquencies reach historical high
New index series' risk profiles analysed
High hopes for TALF
Primus...
...and Athilon downgraded
Bank shifts SIV from balance sheet
SF CDOs impacted
Fitch comments on distressed German mezz CLOs
Japanese ABS/CDO issuance declines
'Downward spiral' for EMEA RMBS
Indian microfinance CLO completed
Harbourmaster triple-As hit in review
Protracted commercial mortgage workouts likely
Calypso releases SNAC update
CDS liquidity diverges in the UK/US
Risk monitoring framework developed
Hardwiring to have 'limited impact' on rating assessments
Prime brokerage covered for docGenix
A round-up of this week's structured credit news
|
Issue 131 - April 8th
|
Call for increased transparency around CDS recovery rates
|
Issue 130 - April 1st
|
Derivatives losses revealed
Commerzbank details bad-bank plans
Station Casinos settled ...
... while four more credit events are announced
New counterparty risk criteria options proposed
EC consults on resecuritisation risk-weightings
CSO manager actions scrutinised
ABX ...
... and CMBX remits in
Freddie Mac brings Reverse REMIC
Barclays rejects APS participation
Trading the XO range
Call for CDS transparency
'Unique' CLO structure launched
ABX influence on mortgage risk pricing analysed
Fair value proposals examined
Alternative FDIC assessment proposed
LLP RFC launched
TruPS CDO criteria revised ...
... and rating actions taken
NY Fed reports MBS purchases
SecondMarket Ecosystem launched
Economic capital issues discussed
SIV notes impacted
FGIC downgraded, ratings withdrawn
More CSOs and ...
... SF CDOs downgraded
Further deterioration expected for EMEA CMBS
SNAC CDS compliance for Quantifi
Australian mortgage performance worsens
Negative outlook for global CRE
Troubled company index deteriorates sharply
Analytics functions analysed
A round up of this week's structured credit news
|
Issue 130 - April 1st
|
Court action provides some clarity for derivatives documentation
|
Issue 129 - March 25th
|
Fair value accounting proposals revealed
Index rolls completed/scheduled ...
... while CMBX trading convention is changed
Three credit events announced, another to follow?
CCP reports initial CDS processing volumes
CDS data portal launched
Two-notch downgrades likely for SME deals ...
... with €22.6bn worth of deals impacted
CDS margining pilot proposed
CDPC's ratings withdrawn
Barclays issues US$16bn in CLO tap
39% of Fitch's SF deals downgraded in 2008
Moody's continues CLO downgrades
AIG-related CDOs hit
Portfolio optimisation analysed
Sub-IG SF CDOs downgraded
Favourable seasonable effect for remits
European CLO performance reviewed
SROC results in for Asia ex-Japan ...
... and Europe
Jumbo RMBS loss projections revised
GSO brings CLO
Portuguese RMBS model updated
'Big bang' compliancy for QuoteVision
Kamakura updates risk factors
CSOs impacted
Improved liquidity for US CDS ...
... while sovereign CDS analysed
Grid computing for CDO reporting tool
Stable outlook for Korean RMBS
A round up of this week's structured credit news
|
Issue 129 - March 25th
|
EC's new ABS rule counterintuitive to primary market revival
|
Issue 128 - March 18th
|
Potential six-notch downgrade for corporate CDOs
TALF-eligible auto deal marketing
Volatility implied ahead of index roll ...
... while index composition change analysed
Constituents reduced for new XO
MTM accounting explained ...
... while IASB updates on treatment of embedded derivatives
CME CDS trading gets green light
Survey reveals loss expectations
CIBC MAV II CDS terminated
US CLOs downgraded
Turner Review urges 'macro-prudential' approach
G20 agrees financial system reforms ...
... while IIF urges immediate action
Low loan recovery values typical of distressed cycle
Basel Committee set to strengthen capital levels
Moody's downgrades Theta
Updated Dutch RMBS approach puts senior notes at risk
Balloon risk increases in MFH CMBS ...
... while downgrades likely for EMEA CMBS
Free coupon conversion offered for CDS big bang
CRE CDO delinquencies continue to rise
ABS CDOs downgraded
REIT repurchases CRE CDO debt
Spanish RMBS KPIs released
TALF anti-fraud team formed
SME CDOs on watch negative
CLO's ramp-up test definition changed
Further CRE CDOs on review ...
... while SF/CRE CDOs downgraded
Asia ex-Japan CDOs on watch
Collateral management solution launched
Liquidity scores available to buy-siders
Portfolio valuation tool revealed
Role of market stability regulator discussed
Re-REMIC assumptions updated
A round up of this week's structured credit news
|
Issue 128 - March 18th
|
iTraxx Series 11 to provide fewer technically-driven distortions
|
Issue 127 - March 11th
|
... but inconsistencies noted in price verification processes
ICE kick-starts CDS clearing
Aleris LCDS settled ...
... while auction terms for Station Casinos are prepped
LevX names cut, sub index roll cancelled
CRD amendments approved
IASB enhances financial instruments disclosures
Home affordability programme outlined ...
... while home price decline is revised downwards
DTCC data implies systemic risk reduction
CRE CDO update to impact US$112bn notes
CDS liquidity analysed
S&P offers CRA regulatory recommendations
Lloyds APS participation finalised
Royal Park to purchase more assets
European CMBS delinquencies rise
UK NC RMBS hit by recession
Expectations worsen for house market stability
Liquidity standards welcomed
Bank's SIV sales result in US$1.2bn loss
PREPS series downgraded
Rating impact of DDO substitutions analysed
Nightingale Finance affirmed
Further SF CDOs ...
... and CSOs downgraded
Negative outlook for Japanese CDOs
'Contradictory behaviour' adds to commercial property uncertainty
DTCC welcomes CDS standardisation
European auto ABS shows deterioration
A round up of this week's structured credit news
|
Issue 127 - March 11th
|
Noteholders left out of the loop as CDO managers look to amend deals
|
Issue 126 - March 4th
|
Only senior triple-As escape Moody's CLO review
CLOs/CDOs under consideration for TALF
Open source for CDS model
Japan/Asia index rules amended
ICE plans H109 European CDS CCP launch
Stress tests revealed
Ferretti first lien LCDS settled
RBS puts £325bn into asset protection scheme
CDPC assumes continuation mode
Distressed assets sold via private/public partnerships
Index roll offers relative value opportunities
Close-out protocol launched
Four-SPV Russian CLO completed
ABX ...
... and CMBX delinquencies continue to climb
Hardwiring schedule revealed
EM CDO rating approach updated
Troubled company index rises modestly
Taunus 2009-1 closed
Cross-asset valuations platform launched
Global CDO completed
Special servicing tracker introduced
KOPS expands for government stress tests
Risk reporting platform launched
Further CSOs ...
... and CDOs downgraded
CDS spreads reach new wides ...
... particularly for high yield names
FDIC raises bank failure expectations
Securitisation credit quality decreases sharply
SROC results in for Japan ...
... and Asia-Pacific
BIS Quarterly Review released
Negative outlook for bond insurers
RMBS CDO liquidated
A round up of this week's structured credit news
|
Issue 126 - March 4th
|
Monoline credit events avoided through innovative reinsurance agreement
|
Issue 125 - February 25th
|
iTraxx rule changes introduced
CDPC's ratings downgraded, withdrawn
RMBS Issuer Principles announced
ICE details European CDS CCP plans
Homeowner Affordability plan leaves questions unanswered
FASB launches new fair value projects
Smurfit prices determined
WMBA defends OTC derivatives
Trading venue expands into LP interests
Hedge fund supervisory disclosure supported
Seasonal effects to slow ABX delinquencies
Brazil tops sovereign CDS liquidity table
2009 rally 'overdone'
ABS CDOs downgraded
Bumper German SME CLO rated ...
... while Greek SME CLO prices
Subordinated ...
... and mezz CRE CDOs downgraded
SIV wound down
US CDS indices widen significantly
IFSB adopts new standards for sukuk
CDS not triggered by LT2 deferral
New LFA/STD for CDO
More CSOs downgraded
AIG to tap Fed again?
UK Banking Act heightens regulatory risk
Non-conforming RMBS performance continues to decline
Ratings unaffected by indenture changes
A round up of this week's structured credit news
|
Issue 125 - February 25th
|
Secondary loan improvement fails to attract CLO managers
|
Issue 124 - February 18th
|
CDS notional rises
Further details emerge on Ferretti auction
Euro CLO ratings impacted
LCH to join CDS clearing party
Fitch introduces loss severity ratings
Transparency drive for presale/new issue reports
Asia Pacific structured credit ...
... and Australian structured finance outlooks released
Distressed exchange for CEDO notes
CRE CDOs hit by delinquent loan increase
Lloyds' master trusts unlikely to unwind if nationalised
ABS CDO completed
IG credit spreads improve
Private equity CFOs denied triple-A eligibility
CSO criteria update extended to CDPCs
SIV ratings withdrawn, full repayments made
Derivatives netting service launched
European SROC figures in
Senior ratings remain resilient, says Fitch
German mezz CLOs under review
Derivatives back office software enhanced ...
... and new CDS trade management module launched
Jumbo synthetic CLO on watch negative
Basel 2 updates to impact ABCP
Moody's downgrades CSOs
A round up of this week's structured credit news
|
Issue 124 - February 18th
|
But future role of ABS/structured credit remains unclear
|
Issue 123 - February 11th
|
Unusual repo-linked deal closed
BoE seeks advice on ABS purchases
Sanitec ...
... British Vita ...
... and Nortel settlement results in ...
... while Ferretti auction is announced
Tranche relative value analysis released
CDS-implied tranche ratings analysed
Adriana CLO repack closed
TruPS CDO trouble ahead
Volatility decreases in US CDS index
Ex-Japan Asia counterparty exposure detailed
New quarterly highs for negative rating actions
RMBS loss criteria revised
Speculative-grade default rate to hit 16.4%
Japanese SME CLO marketing
Extension risk highlighted
Peru and Mexico see increased CDS liquidity
Foxtrot Funding priced
Loan modifications analysed
Accurate valuation requires consistent pricing policies
Credit risk remains at historically high levels
ABS CDO liquidated ...
... while further downgrades are made
EMEA ABCP market shrinks
WBS criteria updated
Enhanced structured finance workstation revealed
Historical high for credit card delinquencies
A round up of this week's structured credit news
|
Issue 123 - February 11th
|
Viability of agency-broker model increases
|
Issue 122 - February 4th
|
UK Asset Purchase Facility outlined
Basel 2 changes to impact senior CLO capital efficiency ...
... while CLO weakness may increase refinancing risk
Benchmark to measure impact of TALF?
Lyondell CDS/LCDS auction prices determined
Monoline hit by distressed exchange criteria change
SIFMA CDO volumes down
S&P enhances loan modification assumptions
Non-agency MBS ETFs launched
CDPCs' ratings withdrawn
Hedge fund CFO criteria updated
Irish bank issues CDO, CMBS
Sirrah Funding refinanced
AIG-managed CLOs hit
Distressed mortgage pricing solution launched
Synthetic SF CDOs downgraded
Equity CDS index shows improvement
CDS analytics engine available industry-wide
Japanese SME CLOs impacted
Banking Bill could impact UK triple-A SF ratings
CRE delinquencies reviewed
RMBS-backed CDOs downgraded
Rating confirmation policy further clarified
New ABX calculator unveiled
Troubled company index improves
Moody's to publish regular performance overviews
European RMBS analysis tool on offer
Ferretti defaults
Best performance achieved for credit index
Alt-A RMBS ratings lowered to default
Ex-Japan Asia outlook published
Updated CDOROM released
A round-up of this week's structured credit news
|
Issue 122 - February 4th
|
Good news at last for the beleaguered monolines?
|
Issue 121 - January 28th
|
Smurfit-Stone protocol announced...
...while LCDX dealers vote to hold Credit Event Auction
CMBX delinquencies slow (for the moment) ...
... while ABX performance deterioration continues
Lehman CLNs repurchased
S&P reports on rating transitions
Whinstone transactions impacted
Hedge fund withdrawals reported ...
... while survey highlights dangers of inadequate disclosure
Government support has "potential to unlock" market
Inconsistency between public-placement and repo ratings usage
Two new modules for CDO Suite
CRE CDO notes downgraded
CAM SME CLOs hit
Outlook for Japan released
Mortgage credit risk assessment in demand
SF CDOs on review
CDS liquidity commentaries launched
IDC beefs up evaluations services
New sukuk issuance programme launched
Prime UK RMBS can withstand 30% house price decline
S&P downgrades Japanese CSOs
A round up of this week's structured credit news
|
Issue 121 - January 28th
|
Basel 2 enhancements offer some positive potential
|
Issue 120 - January 21st
|
Valuation service launched
Basel 2 capital framework enhanced
Auction called for Nortel Networks ...
... while Ecuador price is determined
Speculative grade default rates to reach 15.1%
G30 reports on financial stability
DTCC expands public CDS data
Capitalising on credit volatility
Counterparty risk increases again
Second monthly fall for CRE CDO delinquencies
Clarification for embedded credit derivatives accounting ...
...while SFAS 155 changes could result in CSO exodus
CDO/CDS-related REITs and REOCs reclassified
Liz Claiborne Mod-R clause to trigger?
Ratings lowered/withdrawn on Lehman CSOs
European ABCP issuance lags the US
2009 to present "greatest pressure" on European securitisation
Japanese CDOs on review
Negative outlook for EMEA ABS/RMBS
Citi SIVs on downgrade review ...
... while Victoria's ratings are withdrawn
TruPS CDOs downgraded
Wrapped CDOs hit
EDS CDOs impacted by negative stock moves
A round-up of this week's structured credit news
|
Issue 120 - January 21st
|
Valuations and losses expected to worsen if bill is passed
|
Issue 119 - January 14th
|
iTraxx rally short-lived
CDPC operating guideline changes get go-ahead
Basel Implementation Group to broaden focus
... while Lyondell ...
... and British Vita auctions arranged
Pivotal year ahead for accounting
CLO rating changes following restructure
CMBS map to recovery released
300% y-o-y increase in CDS tear-ups
Q408 new issuance figures in
'Points upfront' primer published
Credit portal expanded
DTCC to support all CDS CCPs
LSS model amended, notes downgraded
CBO completed
Rationale behind private ratings explained
A round up of this week's structured credit news
|
Issue 119 - January 14th
|
Transition emerges between playing direction as a trade versus picking exposure as an investment
|
Issue 118 - January 7th
|
Fed begins MBS purchase programme
CDS CCP launches gather pace
First sovereign credit event called
Tribune Company ...
... and Hawaiian Telcom results in
IASB/FASB update on G20 recommendations ...
... while SEC reports on accounting standards
ISDA sets new date for hardwiring
AIG terminates further CDS
S&P to amend CSO ...
... SF CDO ...
... and MV CLO assumptions
New Canadian restructuring plan backed
CRE CDO closed
OCC Q3 figures released
S&P downgrades 10 SIVs ...
... while Moody's downgrades five
Valuation service launched
Smoothed spread values analysed
Further declines for troubled company index
Basel consults on stress testing
CLO OC ratio test guide published
New MBS index postponed
A round up of this week's structured credit news
|
Issue 118 - January 7th
|
Transparent assumptions are first step to deciphering prices
|
Issue 117 - December 17th
|
CLO rating assumptions reviewed
Positive trend for US home prices?
Moody's updates SF CDO modelling parameters ...
... and downgrades affected tranches ...
... while Fitch also finalises SF CDO approach
LCDX credit event called on Tribune
Ratings guidance released for asset managers
Primus downgraded ...
... while provisional CDPC rating withdrawn
Disclosure of VIE interests to improve ...
... while business combinations accounting reviewed
Negative outlook for EM CDOs
GFI reports on annual CDS activity ...
... while CMA examines sovereign debt risk
CRE CDO delinquencies decline
AIG sells RMBS interests
SIV exposure successfully reduced
ACA upgraded, ratings withdrawn ...
... while Syncora falls foul of listing standards
A round up of this week's structured credit news
|
Issue 117 - December 17th
|
Triple-C thresholds breached, but investment opportunities remain
|
Issue 116 - December 10th
|
... and CMSA comments
Second OWIC is important technical event
Masonite settled ...
... while Tribune credit event called
GSE adds foreclosure prevention options
Liquidity implications for UK mortgage deferral move
FDIC programme to have positive implications
XO breaches 1,000bp
Moody's comments on B&B trust ...
... and Graphite deal
Japanese CSOs on review
Moody's modifies SF rating supplements
Fitch to strengthen originator review programme
Infrastructure deal announced
ISDA stresses importance of CDS
S&P analyses effect of idiosyncratic events
Japanese securitisation guidelines updated
Spread-based LSS notes downgraded
UK FSA consults on liquidity
FASB reports on standards codification
SME CLOs closed
Survey confirms copular model difficulties ...
... while surveillance/reporting tools ...
... and RMBS cashflow model released
BIS Quarterly Review released
MTM valuation service launched
A round up of this week's structured credit news
|
Issue 116 - December 10th
|
Future of bank finance debated
|
Issue 115 - December 3rd
|
Credit event for Hawaiian Telcom, Masonite auction date set
RAM Re commutes MBIA exposure
Sigma MTNs downgraded
Basel Committee gives guidance on fair value ...
... and focuses on the audit function
Negative outlook for HFA sector
Counterparty risk initiatives examined ...
... while WMBA clarifies clearing assumptions
Asian CSOs impacted
US$46.1bn of AIG's CDOs purchased
Derivatives demand set to rise
Troubled company index deteriorates again
Fitch clarifies REIT/CREL assumptions
CMBS delinquencies to see sustained upward trend
A round up of this week's structured credit news
|
Issue 115 - December 3rd
|
Political risk complicates ABS/CDO valuations even further
|
Issue 114 - November 26th
|
Crosby report to revitalise UK RMBS?
Citi winds down SIVs ...
... and the rating agencies react
Panic in CMBS-land analysed ...
... and downwards rating pressure expected
Granite to be unwound ...
... Whinstone deals negatively impacted?
Last triple-A monolines cut
Ambac downgraded ...
... while CDS are commuted
FGIC strengthens statutory surplus ...
... but is downgraded by S&P
Basel tackles financial crisis
Effect of distressed sales on home prices analysed
Primus breaks further listing standard ...
... and is downgraded by Moody's
OWIC trades reported
Sub-prime expected losses analysed
FSA succession event explored
ABX deterioration continues
Methodology for non-performing RMBS released
TRUP CDO approach revised
Further compression success
Canadian structured credit methodology released
UK FSA addresses CDS market abuse
Moody's updates US RMBS evaluations
Spanish SME CLO deterioration spreads
CPPI notes rated
Valuation service to include non-performance risk
CPDOs downgraded
Synthetic RMBS on review
IOSCO to focus on OTC oversight ...
... while New York CDS regulation postponed
A round up of this week's structured credit news
|
Issue 114 - November 26th
|
TARP u-turn prompts mixed response from structured credit market
|
Issue 113 - November 19th
|
G20 targets structured credit
PWG announces initiatives ...
... and ISDA endorses them
EC to regulate rating agencies
TARP changes focus, ABX plummets
CDS volumes fall ...
... while CDOs see weakest quarter
CSOs downgraded by Fitch ...
... and S&P
Masonite auction due
Syncora downgraded
Mazarin MTNs on review
FDIC proposes loss-sharing programme ...
... while foreclosure prevention analysed
FAAF fleshed out
Alt-A loss expectations revised upwards
Jumbo asset-backed deal completed
Fitch clarifies SF CDO approach
TRUP CDOs downgraded
AIG adverse rating action removed
Fitch reviews impact of updated criteria
Valuations white paper released
LSS downgraded
Japanese CDO market surveyed
Low recoveries hit CDOs
Rating activity surveyed
A round up of this week's structured credit news
|
Issue 113 - November 19th
|
Loan modifications to help stabilise the financial system?
|
Issue 112 - November 12th
|
CDS execution enhanced
Moody's downgrades Ambac and MBIA
Auction results in for Icelandic banks ...
... while DTCC completes WaMu processing
Primus listing standard questioned ...
... while CDPC counterparty ...
... and auction note ratings withdrawn
US CDOs/RMBS lead Q3 downgrades
Do rating agencies really add value?
Report says structured credit here to stay
TARP examined
S&P further revises correlation assumptions
CLO collateral managers scrutinised
AIG linkage assessed
Desire for regulatory consolidation highlighted
Widening projected for bond insurer losses
EC establishes clearing roadmap
Permacap posts further dividends
Continued increase in CRE CDO delinquencies
Future for OTC markets explored
Methodology modified for wrapped securities
Misys releases monitoring solution
A round up of this week's structured credit news
|
Issue 112 - November 12th
|
Improvements in the cash sector to reignite investor interest?
|
Issue 111 - November 5th
|
Housing prices to reach bottom?
Moody's reports on CDS market
S&P MCRS reports on valuations
Further CRE CDO buyback
Landsbanki price determined
ISDA applauds industry operational efforts ...
... and submits operations letter to the Fed ...
... while further CDS portfolio compressions are undertaken
Asian ...
... and European CDOs hit
Synthetic schuldscheine launched
Counterparty credit deterioration threatens HFA issuance
S&P reports on Athilon ...
... and 47 Quay
Troubled companies index deteriorates sharply
New CDS ETFs launched
Central counterparty novation of existing CDS "essential"
Mixed week for ABX
Project finance CDO launched
Curzon MTNs downgraded
ABS issuance to increase in 2010
ECB hosts CCP meeting
Fitch reports on Chinese ABS
ISE increases transparency
A round up of this week's structured credit news
|
Issue 111 - November 5th
|
Migration to triple-C main worry for CLO managers, not defaults
|
Issue 110 - October 29th
|
Lehman CDS settled "without incident" ...
... while WaMu net funds transfer is detailed ...
... and Icelandic protocols are launched
ABX gives back price gains
US high yield defaults to surge
FGIC on review ...
... while Syncora ...
... and CIFG are downgraded
CIFG offloads public finance business ...
... while FGIC's reinsurance is rated
Athilon debt downgraded
Further CDO model released
XO to peak in six months
Moody's reports on bond-implied ratings
CLO basis risk exacerbated
Financial crisis polled
BIS reports on banking activity
Fitch confident on senior CLO ratings
Impact of macro-economic conditions explored
LSS deals impacted
Model coverage increased ...
... while modelling functions are enhanced
A round up of this week's structured credit news
|
Issue 110 - October 29th
|
Valuation models enhanced
|
Issue 109 - October 22nd
|
Over 70 buy-side delegates already confirmed
|
Issue 109 - October 22nd
|
RMBS recovery assumptions revised
Fitch reviews counterparty criteria
Lehman-related CSOs downgraded
Asian CSOs impacted
ISDA comments on CDS misperceptions
Japanese CSA updated
Free services on offer for buy-side
CFOs on watch
Mixed performance for SME CDOs
CDO manager ratings updated
WaMu protocol launched
Monolines to benefit from TARP?
Portfolio compression runs completed
Corporate CDS under pressure
Markit Metrics data released
Monoline risk-adjusted pricing analysed
Credit risk stress-tested
EVVLF downgraded
EC calls for credit risk mitigation proposals
CPDOs hit
Analytical tool launched
IMF calls for coherent response
Sigma-backed CDOs downgraded again
Japanese CDOs impacted
Total return indices launched
Commercial property indices flat for August
Carador reports
Reval releases new upgrade
A round up of this week's structured credit news
|
Issue 109 - October 22nd
|
Sovereign CDS levels pay the price for government bailouts
|
Issue 108 - October 15th
|
ISDA clarifies positive role of CDS
Icelandic events hit
Bailouts gather pace
FASB issues fair value FSP ...
... while IASB amends IAS 39/IFRS 7 ...
... and CESR issues its own statement
Fitch proposes SF CDO methodology change
G7 commitments outlined
FSF urges acceleration
Fitch takes action on synthetic CDOs
FSA on watch negative
GCS priced off CDS
Nightingale ...
... and EVVLF downgraded
Kamakura expands risk capabilities
Loan identification system prepped
EDS-backed deals impacted
Further SROC figures in
EU reports on systemic risk
LBFP and LBDP downgraded
Japanese CSOs hit
Recursive CDO model released
ABS issuance rises YOY
CRE CDO delinquencies increase further
Blueprint for investment banking released
New CDS settlement platform launched
A round up of this week's structured credit news
|
Issue 108 - October 15th
|
United European solution called for as individual measures fail to impress
|
Issue 107 - October 8th
|
Fed launches CPFF
Correlation assumptions revised
LevX documentation revised ...
...while LCDX index roll postponed
IMF raises loss estimates
SIV senior debt placed on review by Moody's ...
... Fitch ...
... and S&P
Cortland ratings withdrawn ...
... while Theta is downgraded
Primus ...
... and Athilon downgraded
Sigma-backed CDOs downgraded
Tembec settled
US$7.2bn US CDOs downgraded...
... and European CSOs impacted
BoE broadens repo collateral range
Japanese SROC results released
LBDP/LBFP counterparty ratings downgraded
CRD changes draw closer
Lehman impacts CPDO
A round up of this week's structured credit news
|
Issue 107 - October 8th
|
Nat cat deal to offer CDO investors diversification
|
Issue 106 - October 1st
|
... due to successful tear-ups
Negative rating action for US ...
... and European synthetic CDOs
Primus ICR on watch negative
CDO model released
ISDA updates on protocols ...
... while SIFMA develops MBS protocol
SEC clarifies FAS 157
FBIC mooted as TARP alternative
Steady performance for European ABS CDOs
ABX-linked CLNs downgraded
Remittance reports in
PACE ratings withdrawn ...
... while Sigma is downgraded
Index constituents replaced, ABX.HE 05-2 postponed
Liquidity principles endorsed
FSA Holdings downgraded ...
... and FGIC's counterparty credit rating lowered
Further central bank coordination ...
... while ECB conducts liquidity operation
Speculative default rates to rise
IDC adds GlobalRating Group
Derivatives valuation survey released
TARP valuation call
LSS transactions downgraded
A round up of this week's structured credit news
|
Issue 106 - October 1st
|
New York move could have wider repercussions
|
Issue 105 - September 24th
|
... while ratings are assessed by Fitch ...
... and DBRS
S&P revises CFO assessment
Asian CDOs downgraded
Primus counterparty rating on watch ...
... while Fitch analyses overall CDPC exposure
Nightingale Finance on review
Ambac and MBIA on review
ISDA publishes deliverable obligation list
Sub-prime losses calculated
BIS reports on housing and hedge funds
Moody's reports on EOD-related downgrades
CPDOs downgraded
GSE-related CDOs impacted
LSS notes downgraded
Spanish SME delinquencies deteriorating
Central banks coordinate ...
... and SLS is extended
Resecuritisation approach revisited
CRE prices rise
JASME to guarantee deposit refunds
QWIL reports net profit
OTC Val expands into illiquids
A round up of this week's structured credit news
|
Issue 105 - September 24th
|
Balance sheet CDOs set to increase in importance
|
Issue 104 - September 17th
|
ISDA outlines protocol plans
Lehman impact assessed by Fitch ...
... and Moody's
Fed provides additional support
Index rolls postponed, LATAM index prepped
FASB issues FSP
Permacap monthly NAVs released
S&P downgrades Sigma
Japanese SME CDOs stable for now
Relationship between CDS IR and future rating actions
GSE impact on CDOs analysed by DBRS ...
... and by Fitch
TruPS CDOs under pressure ...
... and downgraded
Rise in defaults analysed
Liquidated CDO ratings withdrawn
SROC results for Europe
Further CPDOs under review
Calypso improves Fast-Track
Rhinebridge makes cash distribution
A round up of this week's structured credit news
|
Issue 104 - September 17th
|
GSE conservatorship poses operational challenge for CDS market
|
Issue 103 - September 10th
|
Mixed response to repo changes
Pair charged with ARS fraud
New CPDO coding error emerges
Novated CDS trades to rise dramatically
Muted prospects for Asia ex-Japan
Still "room for improvement" for leveraged finance
Loan defaults could jump significantly
CDS compressions go live
Asian SROC results in
Performance outlook even more negative
S&P responds to EU oversight
DerivActiv expands FAS 157 reporting
CRE CDO delinquencies continue to rise
Summit solution upgraded
S&P analyses market dislocation
Widespread negative effect for rating transitions
Correlated recovery model added
Sovereign default risk analysed
Calypso SaaS released
A round up of this week's structured credit news
|
Issue 103 - September 10th
|
Increasing demand set to bring some stabilisation for distressed assets
|
Issue 102 - September 3rd
|
Distressed debt funds perform below expectations
CIFG downgraded over "slow progress" ...
... then CDS commutation plan is announced
Havenrock II exposure also commuted
Ambac gets go-ahead for Connie Lee reactivation
Delinquencies rise for prime UK mortgages
SIV-lite restructuring gets underway
PGGM and SCB share Shangren risk
Moody's downgrades ABS CDOs
OTC Hub launches
LSS approach updated
SEC to publish IFRS roadmap
Permacap reports
Crown Woods securities sold
Loan performance continues to weaken ...
... and delinquencies climb
Fitch examines LBO debt recovery rates
Disclosure proposals on hold
PLA introduced for SF CDOs
CMA releases DataVision 2.1
Moody's reports on MV CDOs
A round up of this week's structured credit news
|
Issue 102 - September 3rd
|
New risk management techniques on the rise
|
Issue 101 - August 20th
|
FSA outlines new strategy ...
... while S&P affirms Ambac and MBIA
ISDA makes monoline statement
FASB reviews credit derivatives disclosures
Class action filings rise
New sub-prime model released
CRMPG reports
TRUP CDOs downgraded by Moody's ...
... and placed on watch negative by Fitch
Fitch revises PF CDO criteria
OTC Val expands
Kamakura adds synthetic CDOs
Fitch releases Q2 SF review
S&P SROCs drive actions in Europe and US
Bank fined over CDO mis-markings
Roll put on hold ...
... while Markit clarifies iTraxx rules
Rhinebridge ratings withdrawn
US CRE CDO delinquencies decline
A round up of this week's structured credit news
|
Issue 101 - August 20th
|
Hybrid CLOs to gain traction?
|
Issue 100 - August 6th
|
Ambac settles CDO exposure
EC consults on CRAs ...
... while SIFMA issues recommendations
Fitch downgrades FGIC
FAS 140 amendments delayed
Second SIV bids received
Ratings withdrawn for Vetra ...
... and Hudson-Thames
Default curve methodology revised
SME CLO sells €1.4bn of triple-As
Joint Forum reports on credit risk transfer
CPDO ratings under review
CRE upgrades outnumber downgrades
QWIL reports
Australian investor sentiment gauged
Interim Crosby report released
A round up of this week's structured credit news
|
Issue 100 - August 6th
|
Geldilux to get fairytale ending, despite bear market?
|
Issue 99 - July 30th
|
SCA restructures ...
... and the rating agencies react
Further European write-downs expected
CDPC moves into munis
CDO volumes revised upwards
Moody's warns on risks to CLO performance
Banking sector stress affects investor sentiment
Credit quality deteriorates further
Fannie and Freddie plan passes
IMF reports on market turmoil
Structured credit valuation service launched
European CDO rating actions
Next steps for CRA code of conduct
Fitch reviews SME CLO assumptions
A round up of this week's structured credit news
|
Issue 99 - July 30th
|
CRD changes criticised
|
Issue 98 - July 23rd
|
FSA and Assured on downgrade review
Basel Committee issues RFCs
ABX write-downs set to accelerate
FAS 140 revisions criticised
SIV capital notes downgraded
RFC on credit stability factor
Eurex plans OTC clearing platform
Monoline industry analysed
Outstanding CDS confirmations drop
QWIL begins another share repurchase ...
... while NAV increases for Carador
Regulation Z amended
Upgrade/downgrade ratio continues decline
TRUP CDOs under review
BIS reports on innovations in credit risk transfer
Retaining financial interests analysed
GFI launches Webview
ASF launches Project RESTART
A round up of this week's structured credit news
|
Issue 98 - July 23rd
|
Weak market technicals continue to dominate
|
Issue 97 - July 16th
|
EC seeks comments on CRD change
New negative watch assigned to CDPC
GIC impacts CDO
MTN downgrades hit Sigma ...
... and Cheyne Finance
Credit derivatives netting success
S&P updates its approach to European leveraged loans
ARM modifications strengthen
More SF CDOs on review
Securitisation Consulting adds to transparency efforts
Higher CRE delinquency rate for June
European SROC action
A round-up of this week's structured credit news
|
Issue 97 - July 16th
|
CDPCs relatively immune to future ratings volatility
|
Issue 96 - July 9th
|
Athilon on watch negative
LBO default risks to rise
CGFS proposes CRA improvements ...
... while CFA Institute polls on CRAs
Corporate default rates reviewed for longer maturities
S&P refines re-REMIC approach
Ambac discloses collateral requirement information
IRGs for European ABCP conduits
Trups CDOs on review
Spanish SME loans under pressure?
A round-up of this week's structured credit news
|
Issue 96 - July 9th
|
First-time investors enter credit opportunity fund space
|
Issue 95 - July 2nd
|
More CPDOs face Moody's rating action
Credit crunch impact on investment managers analysed
CDS portfolio compression platform launched
Won-denominated CDS brokered
Fitch suggests new rating scales
Exchange rate divergence signals increased volatility
ECB-eligible conduits increase
Kestral Funding downgraded ...
... while Sedna enters restricted funding
Fitch reviews fair value disclosure
Rating actions for European ABS CDOs ...
... and synthetic CDOs
Remittance reports climb
NAV decrease but interest received for Carador
SROC results in
Loan pricing behaviour changing
BIS annual report points to excessive growth in credit
Transparency initiative furthered
Benchmark pricing for loans
A round-up of this week's structured credit news
|
Issue 95 - July 2nd
|
Uncertainty in correlation prompts replication strategies
|
Issue 94 - June 25th
|
Asian HY CLO launched
QWIL plans new investments
RBI delays introduction of CDS
Moody's reviews Alt-A sector
Fitch calls for equity disclosure
EVVLF MTNs affirmed ...
... while S&P withdraws PACE rating
Commercial real estate prices decline
CEBS reports on valuation of complex instruments ...
... and reviews banks' transparency
S&P reports on Australian recovery expectations
New law to change French structuring landscape
Markit to distribute investor reports
S&P calls for coordinated CRA oversight
A round-up of this week's structured credit news
|
Issue 94 - June 25th
|
LCDS contracts set to improve, while European activity flounders
|
Issue 93 - June 18th
|
No rating actions following S&P CPDO rating error
CDOs hit by monoline downgrades
CDR brings counterparty risk index
EU to regulate CRA internal governance?
Outlook negative for Spanish SME CLOs
Fitch rates CLO
Basel reports on initial assessment of valuation practices ...
... and issues RFC on liquidity risk management principles
Fitch Solutions launches credit risk analytics platform
MBIA pursues 'Newco' plans
European SROC results released
Portfolio reconciliation increases
A round-up of this week's structured credit news
|
Issue 93 - June 18th
|
Note offers exposure to local and external EM sovereign debt
|
Issue 92 - June 11th
|
... while S&P downgrades US$12.5bn of wrapped CDOs ...
... and analyses monoline downgrade impact
Carlyle launches bumper CLO
Rating agency reforms agreed
Robeco brings credit opportunity fund
Asian SROC results in
BIS Quarterly Review released ...
... and Asia Pacific CDS analysed
CDS novation service launched
CMBS mis-pricing analysed
CRE CDO delinquencies rise
Caliber releases Q2 results
Court approves Canadian restructuring
JPM launches processing solution
Fed addresses weaknesses in OTC market
A round-up of this week's structured credit news
|
Issue 92 - June 11th
|
More managers to drop Fitch rating as regulators crack down on ratings shopping?
|
Issue 91 - June 4th
|
CDS counterparty risk analysed
CMBS recovery rates revised
CDS CCP gears up
Real estate SME CLO closed
IIF clarifies MTM position
Comments requested on rating identifier
S&P rating actions taken
Even upgrades/downgrades for Asia Pacific
Global ABS portal launched
Caliber shares temporarily suspended
BBA surprises over Libor
Asscher Finance affirmed
Troubled company index improves
Lower cash coverage for speculative-grade companies
A round-up of this week's structured credit news
|
Issue 91 - June 4th
|
MCDX gains traction and new trading strategies
|
Issue 90 - May 28th
|
Donald Uderitz, chairman and chief investment officer of Vanquish Capital Group, answers SCI's questions
|
Issue 90 - May 28th
|
Fitch reports on criteria change ...
... while BlackRock seeks approval for rating removal
Remittance reports released
Solid performance for European CLOs
CRE CDO closed
New credit derivative ETFs launched
SIFMA reports on CDO volumes
Monoline exposure analysed
Mortgage asset quality assessment tool launched
BIS reports on CDS growth
DBRS implements changes
SEC rating agency probe
Misys to integrate Markit loan pricing
A round-up of this week's structured credit news
|
Issue 90 - May 28th
|
Icelandic CDOs raise questions over ECB collateral criteria
|
Issue 89 - May 21st
|
Moody's takes action on SIV capital notes
Fitch clarifies TRR CLO stance
Moody's downgrades CIFG
Kamakura launches sovereign default probability service
S&P reports on LevX
Markit offers RED to the buy-side
CMA/Julius Finance to provide tranche term structures
Credit risk management systems analysed
Fitch analyses rating actions
Principia unveils Version 5.2
Carador announces April NAV
Hedge fund valuation paper published
A round-up of this week's structured credit news
|
Issue 89 - May 21st
|
CDPCs bring some liquidity to the market
|
Issue 88 - May 14th
|
... while Fitch updates on ratings initiatives
Second-lien performance threatens monolines
Fitch begins negative watch placements
Most sub-prime write-downs have been disclosed
Negative outlook for Spanish SME CLOs
ABS CDOs hit
AIG downgrade impacts CDOs
Whistlejacket ratings withdrawn
No rating implication from earnings for Assured ...
... or MBIA
A round up of this week's structured credit news
|
Issue 88 - May 14th
|
CDO manager consolidation gathers pace
|
Issue 87 - May 7th
|
... while S&P supports same rating scale
Credit concerns for TRUPs CDO sponsors
Sub-index added to ABX
European LCDS protocol launched
Defaults and restructuring hit CDOs
Accounting standards setters move on disclosure
Chinese CLO launched
Fed expands TAF
MCDX parsing service launched
Financial messaging roadmap released
Legal protection surveyed
CRE CDO delinquencies decrease
A round up of this week's structured credit news
|
Issue 87 - May 7th
|
Lessons to be learnt from write-down post-mortem
|
Issue 86 - April 30th
|
SIFMA forms ratings task force ...
... while Fitch reviews complementary rating scales ...
... and CMSA warns against separate SF ratings
Call for better fair value disclosure
SIV capital notes on negative watch
REIT TRUPs CDOs downgraded
S&P reports on UK Banking Act
Moody's affirms Ambac's negative outlook ...
... and rates BHAC triple-A
Canadian ABCP restructuring approved
Rating Change index continues decline
Synthetic CDOs hit
Fitch CDS pricing services launched
A round up of this week's structured credit news
|
Issue 86 - April 30th
|
Advisor and investor responsibility questioned
|
Issue 85 - April 23rd
|
Credit portfolio practices surveyed
CMBX5 roll delayed
Collateral use increases
Working paper released on financial turmoil
Derivatives processing continues to improve
Calypso upgrades trading application
Carador share performance rises
Fitch analyses rating transitions
BOE SLS to drive issuance
A round up of this week's structured credit news
|
Issue 85 - April 23rd
|
Rating agencies in the spotlight again
|
Issue 84 - April 16th
|
SCI's second annual London conference announced
|
Issue 84 - April 16th
|
CDS notional outstanding hits US$62.2trn
Leveraged loan sales
Basel 2 framework enhanced
FSF reports
Berkshire Hathaway Assurance rated
European ABS CDOs downgraded
SROC figures in for Europe and Asia
Equity default obligations hit
Caliber restructures, while QWIL launches buyback
A round up of this week's structured credit news
|
Issue 84 - April 16th
|
Fitch downgrades MBIA
OCC reports on bank losses
Sigma downgraded
CDO credit migration analysed
CDO liquidations on the rise
US ABCP programmes reduce CDO exposures
CPPIs downgraded
S&P calls for greater transparency in leveraged finance
Markit responds to the CMSA
Proposed EU regulation examined
CIBC confirms participation in conduit plan
IMF reports on sub-prime crisis
A round up of this week's structured credit news
|
Issue 83 - April 9th
|
High yield set to be new focus for protection buyers
|
Issue 82 - April 2nd
|
CDS processing goals set ...
... while T-Zero launches novations platform
US SME CLO outlook stable
IOSCO consults on rating agencies
S&P action on European CDOs
Income note investors accept Asscher exchange
K2 affirmed
FSF analyses financial system risks
Fitch launches ABCDS pricing
US Treasury to streamline regulators
Asset-specific interest rate hedges analysed
Joint Forum reports on credit risk transfer
CMSA calls for increased CMBX transparency
Quantifi launches correlation tool
A round up of this week's structured credit news
|
Issue 82 - April 2nd
|
Bear Stearns bail-out could support market liquidity
|
Issue 81 - March 26th
|
Request for comment on OC haircuts
Mezzanine investors accept Asscher exchange
Fitch's monoline methodology explained
Further rating action for EVVLF
Agreement reached for Apex and Sitka trusts
FGIC on negative watch
FAS 161 issued
IASB issues financial instruments discussion paper
Remittance deterioration slowing?
A round up of this week's structured credit news
|
Issue 81 - March 26th
|
Renewed focus on clearing and settlement
|
Issue 80 - March 19th
|
Bank write-downs analysed
Canadian conduit restructuring moves forward
LevX 2 sees €2.8bn on first day
Ambac affirmed ...
... while CIFG is downgraded
More CPDO downgrades
LSS hit again
S&P SROC results in
Rating transitions for Asia and EMEA released
Dividend declared
iTraxx indices gear up for roll
A round up of this week's structured credit news
|
Issue 80 - March 19th
|
Lender tightening exacerbates vicious circle for funds
|
Issue 79 - March 12th
|
... while FSA is affirmed ...
... and Ambac completes share offering
Moody's and Fitch begin Alt-A review
New LCDS documentation released
K2 debt programmes on review
US CDPCs stable
Japanese rating transitions analysed
S&P launches Hedge Fund Evaluator V.2
S&P continues CDO downgrades
LSS notes downgraded
Caliber preliminary results in
Further Moody's and S&P CPDO/CPPI downgrades ...
... while another CPDO is hit by its SIV investment
TRUPS CDO outlook stable
A round up of this week's structured credit news
|
Issue 79 - March 12th
|
ABX illiquidity underlined
|
Issue 78 - March 5th
|
Fitch reports on split ...
... while ISDA publishes monoline supplement
Fitch action affects US$97bn SF CDOs
Mazarin and Barion rated ...
... while Parkland and Links senior debt affirmed
Moody's gives Ambac more time ...
... but reviews SCA
Stable/negative outlook for US CLOs
Japanese bank earnings constrained
ARM prepayments slow
Rating change index report
BIS reports on CDOs
SF CDO performance unlikely to improve
Troubled company index rises
ABX/TABX CLNs downgraded
Further European S&P downgrades
US CRE CDO delinquencies rise again
Japanese CDOROM launched
QWIL income unchanged
ISDA seeks to clarify UCITS CDS rule
A round-up of this week's structured credit news
|
Issue 78 - March 5th
|
Hedge fund pool-backed deal begins marketing
|
Issue 77 - February 27th
|
Whether the market can rethink its approach to the complexity of credit derivatives is discussed by Brad Bailey, director in business development at Knight Capital Group
|
Issue 77 - February 27th
|
... while Moody's downgrades two
Further CPDOs downgraded ...
... while S&P revises its approach
Fitch reports on bank exposure to monolines ...
... while Moody's is to publish insured underlying ratings ...
... and ISDA publishes monoline deliverables
TRR CLO downgrades continue ...
... and three other deals are restructured
Second Troika CDO closed
Global valuations platform to launch
European synthetic CDOs hit
Basel Committee reports on liquidity risk
Mixed remittance results
A round up of this week's structured credit news
|
Issue 77 - February 27th
|
European catch-22 spreads
|
Issue 76 - February 20th
|
Full-cycle exposure management is discussed by Frank Reiss, director and head of derivatives product management at Euroclear Bank
|
Issue 76 - February 20th
|
FGIC downgraded...
... while muni/SF split mulled ...
... and monoline exposure is explored
EC transparency deadline met
Rand-denominated CPDO launched...
...while 16 others are downgraded
European LBO trends analysed
Moody's rating transitions analysed
EODs near 100
US credit markets surveyed
S&P affirms Primus Financial Products
Volta Finance reports
European/US SROC results in
Associations comment on incremental default risk
A round up of this week's structured credit news
|
Issue 76 - February 20th
|
Systemic exposure a concern
|
Issue 75 - February 13th
|
Data transparency and standardisation is discussed by Marco Angheben, director at the European Securitisation Forum
|
Issue 75 - February 13th
|
MBIA raises US$1bn equity
S&P launches 27-step ratings plan
ERMBX no-show halts short plans
NEO liquidated
Lessons learned from Cheyne Finance ruling
Whistlejacket downgraded on NAV breach
Permacaps release interim reports
LSS deals hit
CRE CDO delinquencies up
Lifeline for sub-prime?
Solid CDO issuance for Japan
Stable European SME CLO performance
Moody's reports on Spanish SMEs
More S&P downgrades
Duke Funding assigned DR rating
Asia Pacific SROC results
A round up of this week's structured credit news
|
Issue 75 - February 13th
|
Japanese fiscal loan deal on the horizon
|
Issue 74 - February 6th
|
Enterprise analytic and trade-capture systems are discussed by Kevin McPartland, senior analyst at TABB Group
|
Issue 74 - February 6th
|
FGIC downgraded, more monolines on watch...
...as Fitch revises monoline approach...
...and monoline impact on banks is analysed
Bright future for ILS
SIV restructuring continues
European asset performance set to decline
Further Quebecor-related rating actions...
...as protocol launched
Japanese CRE CDO trends analysed
QWIL enters repurchase agreement
CB MezzCAP downgraded
EMEA CDO outlook
Sachsen Funding defaults, Duke Funding converted
CDO investor survey results
Credit conditions reach four-year low
Tough month for CLOs
S&P reports on rating transitions
A round up of this week's structured credit news
|
Issue 74 - February 6th
|
Monoline capital raising continues as rescue plan is delayed
|
Issue 73 - January 30th
|
Sustaining liquid markets in a credit crunch environment is discussed by Mark Beeston, president of T-Zero
|
Issue 73 - January 30th
|
More CPDO downgrades as new product mulled
ECMBX postponed
Quebecor default hits CDOs
Remittance reports mixed
Sigma ratings withdrawn
New pricing service launched
Negative rating actions to continue
Nightingale Finance affirmed
DBRS reviews LSS MTM triggers
Visage liquidated
A round up of this week's structured credit news
|
Issue 73 - January 30th
|
CDS contracts under increasing stress as hedging tools
|
Issue 72 - January 23rd
|
Proactive portfolio reconciliations are discussed by Henrik Nilsson, head of business development at TriOptima
|
Issue 72 - January 23rd
|
Quantitative credit strategy indices launched
CDO equity correlation clarified
CPDO downgrades continue
European SROC figures out
December surveillance report released
Watch negative for Sigma debt
S&P downgrades continue
Orion defaults
Spanish SME CDO performance analysed
SIV-lite ratings suspended
A round up of this week's structured credit news
|
Issue 72 - January 23rd
|
Innovative project finance CLO closed
|
Issue 71 - January 16th
|
The need for flexible standards within derivatives processing to deliver greater STP is discussed by Mark Taylor, business consultant at SmartStream
|
Issue 71 - January 16th
|
Moody's reports on SIVs
US CLO market reviewed
S&P revises surveillance assumptions
Moody's updates CDOROM
Fitch to maintain Sigma ratings
MBIA surplus notes rated
Ratings for currency swaps
S&P downgrades continue
CDS basis reviewed
Japanese SROC results in
Rating transitions updated
Moody's downgrades Duke Funding debt
ICMA to review ABCP
Performance monitoring tool for US ABS
Victoria defaults
SROC results for US CDOs
A round up of this week's structured credit news
|
Issue 71 - January 16th
|
CMBX relative value remains
|
Issue 70 - January 9th
|
Details of SCI's CORE 08 conference revealed
|
Issue 70 - January 9th
|
S&P moves on monolines
Agreement on Canadian ABCP
Corporate credit quality strained
VECTOR review extended
EDS deals downgraded
New European CDPC
ABCP IRG launched
Victoria debt downgraded
Further S&P downgrades
Credit crisis roots revealed
CRE CDO delinquencies on the rise
Moody's reports on EODs
A round up of this week's structured credit news
|
Issue 70 - January 9th
|
Trade association hurries to meet European demands
|
Issue 69 - December 19th
|
Unusual LSS transactions from HSBC
Monoline winners and potential losers
Citi to support its SIVs
New CDPC launches
ECB releases financial stability review
SROC results for Europe
Further Moody's action for US CDOs
RiskMetrics launches correlation tool
Further SIV rating actions
French banks launch liquidity fund
S&P reports on ABS CDO spreads
Fitch reports on SIVs
Caliber reports
Fitch re-examines market value structures
QWIL tender offer results
S&P US CDO downgrades
Belgian SME CLO debuts
Moody's reports on November downgrades
BIS triennial central bank survey results
A round up of this week's structured credit news
|
Issue 69 - December 19th
|
Latest index figures show another drop in returns, but 50% stay positive
|
Issue 68 - December 12th
|
S&P takes action on SIVs
Rating agencies comment on loan modification
Moody's updates on monolines
ESF releases draft data file format
One credit event for synthetic CDOs
More European CDOs on review
Further downgrades for US CDOs
Jumbo SME CLO priced
UK NC RMBS exposure rising in CDOs
SROC results for Asia Pacific
Japanese synthetic CDOs hit
SLSDs gain in importance
Fitch downgrades PREPS 06-1
TYGER Series 121 launches
Quantifi releases waterfall tool
Spread widening for Euro CLOs
A round up of this week's structured credit news
|
Issue 68 - December 12th
|
Opportunities emerge in European sovereign CDS
|
Issue 67 - December 5th
|
Fitch reports on CDO EODs
Freeze for sub-prime interest rates?
Moody's reports on ABX
Rating action for REIT CDOs
Rating actions for SIV-lites
More German mezz SME CLOs hit
TriOptima reaches four million
Another tender offer for QWIL
A round up of this week's structured credit news
|
Issue 67 - December 5th
|
SIV and CDO restructurings step up a gear
|
Issue 66 - November 28th
|
Rating actions for CDO managers
ABX remittance news
S&P revisits position on monolines
Axon Financial Funding defaults
Further Fitch SF CDO downgrades
Manager incentives analysed
S&P rating actions for European CDOs...
...and US CDOs
BIS reports on CDS
Alpaca CPPI for Pru M&G
LSS notes downgraded
Negative rating action for PREPS
SIV-lites downgraded
Permacaps report
A round up of this week's structured credit news
|
Issue 66 - November 28th
|
Post-credit crunch originated CLOs emerge
|
Issue 65 - November 21st
|
M-LEC draws closer as ABCP falters
Clarity for Fitch's rating review?
New CDPC launched
Freddie Mac gives fright
Fitch reports on SIV collateral
Rhineland ABCP affirmed
CDO Software integrates Moody's feed
Calypso enables rapid deployment
Quantifi upgrades for LCDS
Calyon brings CCO
Spanish developer loans reviewed
Carador NAV declines
OECD reports on structured products
A round up of this week's structured credit news
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Issue 65 - November 21st
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New CDPC launched
CMBX blows out
Sedna MTNs on rating watch
Moody's to review monolines
Fitch completes synthetic CDO review
Moody's summarises US SF CDO downgrades...
...and puts European CDOs on negative watch
Banks well-placed to support SIVs
Climate change-based structured products on offer
Fitch downgrades Axon debt
Sachsen Funding hit again
High returns for FRM Credit Alpha
Japanese SME CDO default rates analysed
A round up of this week's structured credit news
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Issue 64 - November 14th
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Financials battered as losses continue
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Issue 63 - November 7th
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Short total return indices for iTraxx
Moody's reports on EODs
Fitch to review CDO methodology
Further details on M-LEC
Historical lows for CRE CDO delinquency rates
CRE CDO issuance to decline
Risk hedging for Japanese institutions
Corrective phase for leveraged finance
Fitch reports on TruPS CDOs
Coupons for fixed for additional XO maturities
Carador reports
European SME CLOs stable
A round up of this week's structured credit news
|
Issue 63 - November 7th
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Lack of certainty over whether 'summer shock' has morphed into full-blown crisis
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Issue 62 - October 31st
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Mezz CDO exposure to sub-prime analysed
BoE comments on credit crunch
Remittance report rout
ABX CLNs/CDS downgraded
OCC reports on CDS
RBI reports on CDS guidelines
SIV asset prices stabilising
Wrapped paper graded
Financial institutions' exposure analysed
iTraxx Asia ex-Japan deteriorates
A round up of this week's structured credit news
|
Issue 62 - October 31st
|
Lack of new issue HEL RMBS threatens index roll
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Issue 61 - October 24th
|
Movie Gallery auction completed
Synthetic trade finance deal launched
S&P CDO rating actions
IIF launches best practice initiative
Ottimo SLNs downgraded
DBRS comments on Canadian ABCP trusts
Moody's reports on EMEA ABCP
Stable iTraxx Japan
Enhanced CDO Suite released
CDS Deliverability launched
Manageable sub-prime impact on Japan
A round up of this week's structured credit news
|
Issue 61 - October 24th
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Alignment of structure and collateral crucial for US CRE CDO growth
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Issue 60 - October 17th
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Fitch's SIV performance parameters
US CPDO notes withdrawn
LSS ratings remain stable
S&P SROC rating actions
Fitch launches new transparency tool
Monolines remain under pressure
Fitch reports on LCDS
Basel Committee begins default risk data collection...
... While ISDA IDR Impact Study is released
New version of RAP CD launched
GLS-compliant list for Canadian conduits
iTraxx Australia improves
A round up of this week's structured credit news
|
Issue 60 - October 17th
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Market turmoil impacts CDPCs for better or worse
|
Issue 59 - October 10th
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ECB survey released
BIS reports on change in the financial system
Fitch downgrades KKR SLNs
SGAM launches latest CFO
TriOptima completes first ABX index termination cycle
Starts super senior downgraded
Permacap news
Interwoven connects with DTCC
SuperDerivatives new release
Kamakura upgrades
A round up of this week's structured credit news
|
Issue 59 - October 10th
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Balance sheet deals ease warehouse risk
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Issue 58 - October 3rd
|
Financial names dominate September trading
Cov-lites to face high refinancing risk
Additional maturities for XO
Fitch revisits CAM ratings
Fitch affirms StaGe Mezzanine
Fundamental credit focus for leveraged finance
Latest permacap moves
Markit and Reuters join forces on CDS data
Credit derivatives top US$45.46trn
A round up of this week's structured credit news
|
Issue 58 - October 3rd
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Liquidation fears could be overstated
|
Issue 57 - September 26th
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Fitch updates CCO criteria and downgrades deals
Continued CP disruption puts SIVs under pressure
Sachsen Funding files restructuring plan
Monoline exposure explored
Fitch confirms approach to ABCP programmes
Moody's modifies assumptions on sub-prime RMBS
S&P takes rating actions on 22 CDO tranches
Fitch places 14 SF CDOs on watch negative
New Moody's report on CDO rating action
A round up of this week's structured credit news
|
Issue 57 - September 26th
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Move highlights impact of spread leverage
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Issue 56 - September 19th
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New DPI launches
Moody's reports on credit crunch
LCDX removals announced
Permacaps report
Rating action for Axon
Rating action for Rhinebridge
Rating action for Duke Funding
Fitch affirms Rhineland Funding's ABCP
Japanese deals distanced from sub-prime debacle
LMA launches German law document
A round up of this week's structured credit news
|
Issue 56 - September 19th
|
Investors call for greater confidence in portfolio values
|
Issue 55 - September 12th
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ECMBX postponed
Indices to tighten?
Seven SIVs reviewed
New CDPC rated
Rating volatility examined
CPDO gloom overdone?
Caliber NAV drops
A round up of this week's structured credit news
|
Issue 55 - September 12th
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Local currency CDO and CLO launched
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Issue 54 - September 5th
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Fitch downgrades Rhinebridge's notes
Codefarm launches portfolio re-optimisation service
European CDO of ABS issuance up in Q2
Lack of efficiency and speed will hurt securitisation
European SME securitisations bouyant
iTraxx SDI-75 will not roll
A round up of this week's structured credit news
|
Issue 54 - September 5th
|
Several deals brought to market
|
Issue 53 - August 29th
|
Index rules amended
European corporate quality damaged
Appeal applauded
EM able to ride out crunch
Distress ratio spikes
CDO issuance up 75%
Leveraged loan CDOs stable
Risk aversion overdone?
S&P addresses misconceptions
A round up of this week's structured credit news
|
Issue 53 - August 29th
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Latest CDO could presage further such issuance
|
Issue 52 - August 22nd
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SIVs weathering volatility
Global banking fears exaggerated
Fitch revises SF CDO methodology
CMA adds ABX to QuoteVision
Markit enhances ABX calculator
Fitch exposes new insurance-linked criteria
Caliber NAV drops again
A round up of this week's structured credit news
|
Issue 52 - August 22nd
|
Opinions diverge over financial strength
|
Issue 51 - August 8th
|
EGMs announced
Insider information guidance released
S&P holds off on Alt-A CDOs
Trup CDOs analysed
Codefarm incorporates CDOROM
Ratings explained
A round up of this week's structured credit news
|
Issue 51 - August 8th
|
First of a kind managed structure and unusual junior notes priced
|
Issue 50 - August 1st
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Cross-market correlation is discussed by Anu Munshi, a partner at B&B Structured Finance
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Issue 50 - August 1st
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Moody's re-thinks Alt-As and option ARMs
Jury out on leveraged finance
CDO manager best practice identified
US SROC actions revealed
CMA offers ASP solution
A round up of this week's structured credit news
|
Issue 50 - August 1st
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New CDO of ABS could lead the way
|
Issue 49 - July 25th
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Systemic false alarm, but continued concerns
LCDS protocol published
SIVs offer stability
DBRS undertakes mid-year review
New SME CDO performance tracker
Sub-prime rating actions...
...And SROC changes
A round up of this week's structured credit news
|
Issue 49 - July 25th
|
Hedge fund-related structures look set to grow
|
Issue 48 - July 18th
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Rapid market growth continues
Permacap vehicle adds financing facility
More rating agency action on sub-prime CDOs
iTraxx total return indices launched
GAO commends CDS dealers
ESF welcomes Solvency II
ISDA publishes iTraxx protocol
First European CDPC paper priced
A round up of this week's structured credit news
|
Issue 48 - July 18th
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James Smigiel, head of fixed income, Gregory Soeder, portfolio manager, and David Aniloff, portfolio manager, from SEI, answer SCI's questions
|
Issue 47 - July 11th
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S&P calls for cov-lite comments
Euro media LBO risk limited
Markit launches real-time service...
... And ABS monitoring
Retail principles launched
A round up of this week's structured credit news
|
Issue 47 - July 11th
|
Latest index figures show continued upswing
|
Issue 46 - July 4th
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Market implied ratings launched
European banks well-positioned for upgrades
Strong 2006 ESF performance
DataVision integrates CDO Software
A round up of this week's structured credit news
|
Issue 46 - July 4th
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Three major deals launched, including first cat bond-squared
|
Issue 45 - June 27th
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Fitch launches beta CFXO model
S&P explains new PAUG assumptions
RAP CD updated
Innovation drives European CDOs of ABS
European/Asia-Pacific structured finance is robust
Sun and CDO2 offer new service
OpenLink upgrades Findur
Markit launches electronic affirmation matching service
A round up of this week's structured credit news
|
Issue 45 - June 27th
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Fundamentals, technicals and market confusion all add to the pressure
|
Issue 44 - June 20th
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Speculative bond defaults dip
S&P releases May SROC report
S&P launches Evaluator 3.3
Quantifi adds support for pricing LCDS and synthetic CLOs
Reuters launches hedge fund solution
A round up of this week's structured credit news
|
Issue 44 - June 20th
|
Default swaps and implied write-downs key talking points at Barcelona
|
Issue 43 - June 13th
|
A round up of this week's structured credit news
|
Issue 43 - June 13th
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Hedge fund calls for amendment of the CDS on ABS template
|
Issue 42 - June 6th
|
A round up of this week's structured credit news
|
Issue 42 - June 6th
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New CDO could be the beginning of a trend
|
Issue 41 - May 30th
|
A round up of this week's structured credit news
|
Issue 41 - May 30th
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US Loan CDS index begins at last as further progress is made with standard tranches
|
Issue 40 - May 23rd
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A round up of this week's structured credit news
|
Issue 40 - May 23rd
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Manager builds programme of new synthetic CDO strategies
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Issue 39 - May 16th
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Latest index figures indicate a quiet March for the sector
|
Issue 39 - May 16th
|
A round up of this week's structured credit news
|
Issue 39 - May 16th
|
A round up of this week's structured credit news
|
Issue 38 - May 9th
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This week's Provider Profile looks at OpenLink's cross-asset trading, risk and operations processing management software solution Findur
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Issue 38 - May 9th
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First signs of credit-equity decoupling appear in the US
|
Issue 37 - May 2nd
|
A round up of this week's structured credit news
|
Issue 37 - May 2nd
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Early redemption of CDO doubles equity holder value
|
Issue 36 - April 25th
|
A round up of this week's structured credit news
|
Issue 36 - April 25th
|
US CLOs and CDOs of ABS feel the pain, but it may not be lasting or significant
|
Issue 35 - April 18th
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New index indicates significant growth in the sector
|
Issue 35 - April 18th
|
A round up of this week's structured credit news
|
Issue 35 - April 18th
|
Latest vehicle precursor for a number of innovative structures
|
Issue 34 - April 11th
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This week, Markus Kroll, principal at Palomar Capital Advisors, answers SCI's questions
|
Issue 34 - April 11th
|
A round up of this week's structured credit news
|
Issue 34 - April 11th
|
Difference of opinion over new contracts keeps volumes low
|
Issue 33 - April 4th
|
A round up of this week's structured credit news
|
Issue 33 - April 4th
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First rated CDO of CIS corporates comes to market
|
Issue 32 - March 28th
|
A round up of this week's structured credit news
|
Issue 32 - March 28th
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Crossover takes the brunt as CPDOs make little impact
|
Issue 31 - March 21st
|
A round up of this week's structured credit news
|
Issue 31 - March 21st
|
Mixed value for structured credit issuers during heightened volatility
|
Issue 30 - March 14th
|
A round up of this week's structured credit news
|
Issue 30 - March 14th
|
Long-term fiscal plan could involve intensive structured credit issuance
|
Issue 29 - March 7th
|
A round up of this week's structured credit news
|
Issue 29 - March 7th
|
New deal a sign of impending increase in commodities-based issuance
|
Issue 28 - February 28th
|
A round up of this week's structured credit news
|
Issue 28 - February 28th
|
Dealers and investors positioning for expected tranche and CDS flows
|
Issue 27 - February 21st
|
A round up of this week's structured credit news
|
Issue 27 - February 21st
|
Investor attempts to improve transparency met with mixed results
|
Issue 26 - February 14th
|
A round up of this week's structured credit news
|
Issue 26 - February 14th
|
New products and database on offer
|
Issue 25 - February 7th
|
A round up of this week's structured credit news
|
Issue 25 - February 7th
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Two more deals put on rating watch negative
|
Issue 24 - January 31st
|
A round up of this week's structured credit news
|
Issue 24 - January 31st
|
Innovative leveraged super senior structure combines with actively managed CDO of European ABS
|
Issue 23 - January 24th
|
A round up of this week's structured credit news
|
Issue 23 - January 24th
|
New three-tier vehicle to invest 90% in triple-A assets
|
Issue 22 - January 17th
|
A round up of this week's structured credit news
|
Issue 22 - January 17th
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Four new CDS indices being prepped
|
Issue 21 - January 10th
|
A round up of this week's structured credit news
|
Issue 21 - January 10th
|
New documentation and new trades
|
Issue 20 - December 20th
|
A round up of this week's structured credit news
|
Issue 20 - December 20th
|
New deal for real estate-hungry investors
|
Issue 19 - December 13th
|
A round up of this week's structured credit news
|
Issue 19 - December 13th
|
New SCI survey tracks boom in compensation
|
Issue 18 - December 6th
|
A round up of this week's structured credit news
|
Issue 18 - December 6th
|
Standardised products to be offered on iTraxx indices
|
Issue 17 - November 29th
|
A round up of this week's structured credit news
|
Issue 17 - November 29th
|
First principal-protected notes arrive, with more expected
|
Issue 16 - November 22nd
|
A round up of this week's structured credit news
|
Issue 16 - November 22nd
|
Tranche spread shift halts some deals, but Elbrus prevails
|
Issue 15 - November 15th
|
A round up of this week's structured credit news
|
Issue 15 - November 15th
|
Structured bid and investors keep spreads narrowing
|
Issue 14 - November 8th
|
A round up of this week's structured credit news
|
Issue 14 - November 8th
|
Synthetic CDO volumes rise and cash market term curve emerges
|
Issue 13 - November 1st
|
A round up of this week's structured credit news
|
Issue 13 - November 1st
|
New product in the pipeline
|
Issue 12 - October 25th
|
A round up of this week's structured credit news
|
Issue 12 - October 25th
|
No volatility, but there is more volume
|
Issue 11 - October 18th
|
A round up of this week's structured credit news
|
Issue 11 - October 18th
|
Standardised US product terms already under discussion
|
Issue 10 - October 11th
|
A round up of this week's structured credit news
|
Issue 10 - October 11th
|
Banks in a hurry, but investors not so sure
|
Issue 9 - October 4th
|
A round up of this week's structured credit news
|
Issue 9 - October 4th
|
A round up of this week's structured credit news
|
Issue 8 - September 27th
|
A round up of this week's structured credit news
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Issue 7 - September 20th
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A round up of this week's structured credit news
|
Issue 6 - September 13th
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A round up of this week's structured credit news
|
Issue 5 - September 6th
|
A round up of this week's structured credit news
|
Issue 4 - August 30th
|
A round up of this week's structured credit news
|
Issue 3 - August 23rd
|
A round up of this week's structured credit news
|
Issue 2 - August 16th
|
A round-up of all the week's structured credit news
|
Issue 1 - August 9th
|
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