Category: Capital Relief Trades
JP Morgan Chase is to price its second auto loan-linked CLN deal in two months, its third of the year and its fifth in just over 12 months as the auto loan book become the clear favourite for the bank’s use of the CRT mechanism.
Designated Chase Auto Credit Linked Notes, Series 2021-3 (CACLN 2021-3), the note transfers risk to noteholders via a hypothetical CDS on a reference pool of $4.5bn
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