A review of SCI's latest content
Last week's news and analysis
Credit protection continues
UBS takeover leaves Elvetia notes unaffected
CRT issuance hits all-time record
IBRD prints largest-ever cat bond
Unique transaction provides earthquake coverage for Chile
Credit Agricole lengthens maturity in new SRT
Merchants joins the party
Brand new US SRT deal from Merchants Bank of Indiana
On the wing
Gryphon to expand into new areas of structured finance post-acquisition
European CMBS noteholder scrutiny to increase
SCI In Conversation podcast: John Pellew, Arrow Global
We discuss the hottest topics in securitisation today...
For all of last week’s stories including ‘Market moves’ and ‘Risk transfer round-up’ click here.
Recent premium research to download
CRT 2022 review - March 2023
CRT issuance volumes broke all-time records last year and the pipeline continues to build. The only potential blots on the horizon are the regulatory pause in the US and the fallout from the collapse of Credit Suisse and Silicon Valley Bank, as this Premium Content article suggests.
CLO ESG reporting - March 2023
CLO managers are increasingly investing in their own methodologies and disclosure processes to provide investors with helpful ESG information. However, as this Premium Content article shows, the subjective nature of this data remains an issue.
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.
All of SCI’s premium content articles can be found here.
SCI In Conversation podcast
In the latest episode, Arrow Global principal John Pellew discusses the evolution of blockchain technology in the securitisation market. We highlight the milestone achievements in the space, as well as the challenges that still need to be overcome.
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.
SCI has launched 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.
Upcoming SCI events
SCI’s 2nd Annual ESG Securitisation Seminar
25 April 2023, London
SCI's 9th Annual Capital Relief Trades Seminar
19 October 2023, London