City of Arts and Sciences

Risk-sharing boost

Category: Capital Relief Trades ABS


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Cajamar SRT sets tone for standardised banks

BCC Grupo Cajamar has completed a €972.1m Spanish true sale significant risk transfer transaction with the EIF, ICO and hedge fund investors. Dubbed IM BCC Capital 1, the transaction is the first cash SRT issued by a standardised bank and the first risk-sharing transaction by a standardised bank that involves both the EIF and private investors, paving the way for further private sector involvement in EIF transactions.

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