architecture sketch

400CM tap NPL ABS market

Category: Structured Finance


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400CM tap NPL ABS market
400 Capital Management has closed two securitisations backed by US$780.2m of residential non-performing loans. The firm entered into the securitisations to obtain term financing, remove mark-to-market risk, reduce cost and create scalable fixed-rate financing.

Given the size of the loan pool, 400CM decided to offer two transactions with similar characteristics.

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