Landmark consumer SRT launched

Category: Capital Relief Trades ABS


Previous Story       Next Story

Santander completes synthetic auto loan ABS

Santander has launched an unusual synthetic securitisation of auto loans, dubbed Santander Consumer Spain Synthetic Auto 2018-1. The transaction comprises a €60.6m twelve-year CLN that references a €1.01bn portfolio of Spanish auto loans paying Euribor plus 8.90%.

Synthetic securitisations of granular, consumer portfolios are uncommon, as the structures are typically used for concentrated, non-granular portfolios.

Already registered?

Not yet registered? Join today to access SCI Content.

-