Weekly Issue Archive »

Issue 264 - 14th December

• News Analysis

  • RMBS

    • Euro star

      RMBS performs well in tough European climate

      RMBS has been a particular highlight of the European securitisation market this year. Performance has been comparatively strong and continues to give cause for optimism, although there are still obstacles to be overcome. "We have been through a ver...

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• News

  • Structured Finance

    • SCI Start the Week - 12 December

      A look at the major activity in structured finance over the past seven days

      PipelineA variety of deals joined the pipeline last week. In ABS there are two new deals: a US$494.1m deal secured by drugstore leases (CVS Lease-Backed Pass-Through Series 2011 Trust) and a A$90m Australian auto loan transaction (Liberty Series 2011...

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• Job Swaps

  • Structured Finance

    • Executive reshuffle as committee formed

      S&P has announced a raft of organisational changes, effective immediately. The agency's new...

  • • NZ law firm promotes partners

      Russell McVeagh has promoted two new partners, effective 1 December. The new partners are Deemple Bu...

  • • MBIA, Morgan Stanley settle

      Morgan Stanley has reached a comprehensive settlement with MBIA that terminates outstanding credit d...

  • CDO

    • Further C-III CDOs assigned

      C-III Asset Management is proposing to assign the collateral management agreements for Centerline 20...

  • • Origination head named

      Harald Berlinicke has joined SCDM as head of origination and client services. He is a senior directo...

  • CDS

    • Credit hedge fund's European expansion

      MKP Capital Management is to build a European credit team in its London office next year. Steve Jera...

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• News Round-up

  • Structured Finance

    • Macro issues cloud US outlook

      Macro issues will continue to cloud an otherwise improving forecast for US structured finance perfor...

  • • Euro outlook divided

      Moody's outlook for the collateral performance of ABS and RMBS transactions in 2012 is negative for...

  • • Feedback sought on creditworthiness NPR

      The US federal bank regulatory agencies are seeking comment on a notice of proposed rulemaking (NPR)...

  • • Extended repo facility announced

      In light of the continuing stresses in financial markets, the Bank of England has introduced a new c...

  • • Post-crisis performance analysed

      Fitch has published a report analysing how losses for global structured finance transactions are bei...

  • • ECB expands repo criteria

      The ECB has increased the collateral available for use in its operations by extending its criteria f...

  • • Sovereign review hits Euro deals

      S&P has placed on credit watch negative its credit ratings on 270 tranches in 201 European s...

  • CDS

    • Prescriptive SEF rules highlighted

      Overly prescriptive swap execution facility (SEF) rules - specifically the 15-second rule...

  • • Regulatory uncertainty hinders clearing prep

      A new TABB Group study suggests that European swap dealers are being squeezed on all sides, with reg...

  • • CDS RFQ service launched

      Traccr has launched a multi-dealer request-for-quote credit derivatives electronic brokerage service...

  • • Asian clearing model to differ

      A new Celent report suggests that the leading Asian economies have been quite active in pursuing cen...

  • • Enhanced CDS statistics released

      The BIS has published in its latest Quarterly Review a report detailing enhanced credit risk transfe...

  • • SEAT results in

      The final price of Seat Pagine Gialle CDS was determined to be 10 during Friday's auction. 13 dealer...

  • • PMI Group results in

      Final results of the PMI Group CDS auction, held yesterday, were determined to be ...

  • CMBS

    • Euro CMBS refi warning

      Limited availability of refinancing for maturing loans will be the key threat to the credit quality...

  • • CMBS pay-offs bounce back

      One month after posting the biggest drop in 18 months, the percentage of US CMBS loans paying off at...

  • • Office CMBS delinquencies a concern

      November marked the fourth straight month of declines in US CMBS delinquencies, though office proper...

  • RMBS

    • UK RMBS criteria updated

      S&P has updated its methodology and assumptions for rating UK RMBS, following its September...

  • • MBS CCP announced

      The DTCC's Fixed Income Clearing Corporation (FICC) mortgage-backed securities division has filed an...

  • • UK RMBS impacted

      S&P has placed on credit watch negative its credit ratings on 764 tranches in 119 UK RMBS, f...

  • • Aussie RMBS arrears falling

      Australian prime RMBS arrears have fallen for the second consecutive quarter across all 30+ day indi...

  • • RMBS RFC issued

      Moody's has published a request for comment regarding proposed changes to the assumptions and method...

  • • Impact of REO dispositions uncertain

      Fitch expects single-property REO and bulk REO sales to be a key activity in the US housing market o...

  • • NHG RMBS on review

      S&P has placed on credit watch negative its credit ratings on 38 tranches in 16 Dutch RMBS b...

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