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CLO 'risk-off' trade evident in TRACE data

3 February 2012   Category link: CLOs
The latest Wells Fargo Structured Products Monthly examines TRACE trade data for the structured credit sector from mid-August 2011 onwards. US CLO analysts at the bank find that, thus far, the data largely matches conventional wisdom espoused by CLO...

Eddystone non-call waterfall questioned

3 February 2012   Category link: CMBS
Sainsbury's has disclosed that it may not redeem the Eddystone Finance CMBS on its April 2013 step-up date. How principal will be allocated to the notes post non-call remains unclear, however. European CMBS strategists at Barclays Capital believe t...

Sustained CDS index rally expected

2 February 2012   Category link: CDS
CDS indices experienced a strong rally during the first month of the year, with credit investors adding risk on both sides of the Atlantic. Indeed, the CDS-cash basis turned significantly more negative in January, as CDS outperformed the cash market....

Alliance SAFD-PJ plan surprises to the upside

1 February 2012   Category link: CMBS
The latest documents released as part of PJ Alliance's bankruptcy filing reveal a new reorganisation plan, which is expected to be reflected in a modification of the US$475m Alliance SAFD-PJ portfolio loan securitised in CSMC 2007-C2. Although conces...

Granite milestone hit as sentiment improves

1 February 2012   Category link: RMBS
The latest Granite UK RMBS investor report shows that the master trust passed a minor milestone in December, by finally completing the top-up of reserve funds to their increased levels following the breach of the arrears and step-up triggers. The com...

US CMBS continues to impress

30 January 2012   Category link: CMBS
January has proved to be a productive month for US CMBS and last week was no exception to that trend. New issuance has been well received and spreads in both the primary and secondary market are tightening. "The huge change in sentiment lately has...

Bullish outlook

30 January 2012   Category link: CLOs
Positive market sentiment drives CLOs tighter
Buoyed by bullish sentiment in the broader capital markets, US CLOs have started 2012 on a positive footing. Primary issuance spreads are narrowing relative to late-2011 levels, while robust secondary market activity has been subject to increasing bi...

HAMP changes to drive mod volumes

30 January 2012   Category link: RMBS
HAMP programme guidelines have been expanded, with the intention of helping a broader array of borrowers receive loan modifications. The changes are expected to be potentially significant for modification volumes. Among the key changes announced on...

Free Article SCI Start the Week - 30 January

30 January 2012   Category link: Structured Finance
A look at the major activity in structured finance over the past seven days
PipelineA further three deals joined the pipeline last week. Two auto ABS deals (€460m FCT TitriSocram Compartment TitriSocram 2012-1 and €561.8m Red & Black Auto Germany 1) and one RMBS - Lloyds' Arkle 2012-1 &a...

Euro CMBS NPL warning

27 January 2012   Category link: CMBS
Tiering within European CMBS is gradually forcing the best and the worst loans to leave the universe. Absent new primary issuance, this trend could result in European CMBS morphing into a non-performing loan asset class in which the securitised colla...

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SCI - An Introduction

SCI is a publisher of news analysis and data on the structured credit and Asset backed securities (ABS) markets. 

SCI seeks add value through in-depth News Analysis of the structured finance markets and via a comprehensive deal database, featuring a deal pipeline, ABS and CDO deal data, league tables and CDO Manager Transfer data

Our coverage is divided into news channels, so if you're looking for coverage of, for example 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) we've got it covered. 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 conferences in London and New York where various sponsorship options are available if your company is targeting SCI's readership. Marketing programmes are available to SCI's 5000 strong fully registered audience through various advertising programmes. 

Also see SCI's sister publications STORM (Synthetic Transfer of Risk Markets). And recently launched is a specialist newsletter for the commercial real estate markets, CRE Finance, which looks at property derivatives, REITs, structured finance and underlying trends in the CRE markets globally, and which also features a comprehensive deal database



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