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Credit events

Category: Capital Relief Trades ABS


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US moratoria challenges highlighted

The capital relief trades market has adapted to the existence of payment holidays by either excluding them from portfolios or limiting their presence in them. Nevertheless, payment holidays have raised challenges for US synthetic securitisations - although their removal isn’t expected to have a negative impact on US deals, given that the bulk of take-up rates occurred last year during the peak of the coronavirus crisis.

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