Sunrise, start the week

SCI Start the Week - 20 September

Category: ABS Capital Relief Trades CLOs

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A review of SCI's latest content

Last week's news and analysis
CRT love
FHFA promotes CRT usage and tempts Fannie back into the mix
Digital lender debuts
German consumer collateral on offer
Legal concerns
Consumer protection uncertainties highlighted
On the up
Growth in private real estate deals continues
Pick-up continues
European ABS/MBS market update
Servicing expansion
SitusAMC discusses opportunities in the European direct lending market
Spanish SRT finalised
Another STS synthetic executed
SRT debut
First Nordic green synthetic executed
Strong opportunities
European NPL investment trends discussed
Tender pick-up
Buyback value depends on specifics of each bondholder
Tight pricing
Santander sets post-Covid record
Traffic jam
Bumper two days in auto ABS underlines strength of fundamentals

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.