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Innovative SRT inked

Category: Capital Relief Trades Regulation


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Belgian synthetic RMBS finalised

AXA Bank Belgium has completed a synthetic RMBS that references a static €730m portfolio of Belgian prime mortgages. Dubbed CASPR-1, the significant risk transfer trade is unusual due to the underlying asset class and the amortisation structure.

Rated by Fitch and S&P, the transaction consists of a €23.575m

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