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SCI Start the Week - 13 September

Category: ABS Capital Relief Trades CLOs


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A review of SCI's latest content

NPL ABS seminar tomorrow
SCI’s 3rd Annual NPL Securitisation Seminar is taking place virtually tomorrow 14 September. The event will explore the impact of the coronavirus fallout on performance and issuance, as well as on pricing assumptions, servicing and workout trends across the European non-performing loan ABS market. Together with recent regulatory developments in the space, it will also examine the GACS and HAPS schemes, and the emergence of synthetic NPL transactions.
For more information on the event or to register, click here.

Last week's news and analysis
Back in business
European ABS/MBS market update
Chinese reserves
Growth boosts domestic securitisation market
Intrinsically ambiguous
Social RMBS may convey 'elevated' credit risks
JP Morgan into fifth gear
Third CLN in 2021 to cover auto loan losses soon to print
Love me tender
STACR tender shows validity of CRT and salience of capital efficiency
Structural innovation
Evolution of Euro CLOs set to continue
Tender Freddie
GSE has commenced a debut buyback scheme to retire old STACR issuance
WAL enters CRT space
CRT trade covers first losses on warehouse loans

For all of last week’s stories including ‘Market moves’ and ‘Risk transfer round-up’ click here.

Recent research to download
The puzzling case of the disappearance of Fannie Mae
Fannie Mae has not issued a CRT deal since 1Q20. This SCI CRT Premium Content article investigates the circumstances behind the GSE’s disappearance from the market and what might make it come back

EIF risk-sharing deals - August 2021
Risk-sharing deals involving the EIF and private investors are yet to gain ground. This CRT Premium Content article surveys the likelihood of such collaborations going forward.

Euro ABS/MBS primary pricing - Summer 2021
In this first in a new series of Euro ABS/MBS premium content articles, we examine the demand and consequent pricing dynamics seen across European and UK ABS, CMBS and RMBS new issuance in Q2 and July 2021. Read this free report to discover coverage levels for every widely marketed deal and the impact on price movements broken down sector by sector.

CLO Case Study - Summer 2021
In this latest in the series of SCI CLO Case Studies, we examine the uptake of loss mitigation loan language in European deals since the concept emerged a year ago. Read this free report to find out the background, challenges and deal numbers involved in the necessary significant documentation rewrite required.

Upcoming events
SCI's 7th Capital Relief Trades Seminar
13 October 2021, In Person Event
Last year saw significant regulatory developments in connection with capital relief trades, including the publication of the EBA’s final SRT report and the introduction of an STS synthetics regime. SCI’s Capital Relief Trades Seminar will explore the impact of these developments, as well as the latest trends and activity across the sector.

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