A review of SCI's latest content
SRTx benchmark launched
SCI is launching SRTx (Significant Risk Transfer Index), a new benchmark that measures the estimated prevailing new-issue price spread for generic private market risk transfer transactions. Calculated and rebalanced on a monthly basis by Mark Fontanilla & Co, the index provides market participants with a benchmark reference point for pricing in the private risk transfer market by aggregating issuer and investor views on pricing. For more information on SRTx or to register your interest as a contributor, click here.
Last week's news and analysis
German SRT priced
BNP Paribas prices capital relief trade
EU Commission endorses halving of p factor
Toronto Dominion opens Canadian CRT market
Nice and niche
Investors eye life ILS strategies as uncertainties loom
SRTx benchmark debuts
Index to provide pricing guide for corporate, SME CRTs
For all of last week’s stories including ‘Market moves’ and ‘Risk transfer round-up’ click here.
In this episode, Pretium Partners senior md and structured credit head Jerry Ouderkirk discusses relative value opportunities in the CLO market. The podcast can be accessed wherever you usually get your podcasts, including Apple Podcasts and Spotify (just search for ‘SCI In Conversation’), or by clicking here.
SCI Markets provides deal-focused information on the global CLO and European/UK ABS/MBS primary and secondary markets. It offers intra-day updates and searchable deal databases alongside CLO BWIC pricing and commentary. Please email David McGuinness at SCI for more information or to set up a free trial here.
Recent premium research to download
Digitisation and securitisation - February 2023
Blockchain and digitisation are increasingly being incorporated into the securitisation process. This Premium Content article explores the benefits and challenges that these new technologies represent.
Alternative credit scores - January 2023
The GSEs are under considerable political pressure to extend credit to the underserved. But what does this mean for CRT investors, issuers and rating agencies? This Premium Content article investigates.
CEE CRT activity - January 2023
Polish SRT issuance boosted synthetic securitisation volumes last year. This Premium Content article assesses the prospects for increased activity across the CEE region.
Upcoming SCI events
SCI’s 2nd Annual ESG Securitisation Seminar
25 April 2023, London
SCI’s Transport ABS Seminar
May 2023, New York
SCI's 9th Annual Capital Relief Trades Seminar
19 October 2023, London