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SCI Start the Week - 25 October

Category: ABS Capital Relief Trades CLOs

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A review of SCI's latest content

New free report to download - US CRT Report 2021: Stepping Up
The US CRT market – as with every other area of society – was tested by the Covid-19 fallout. But the sector arguably finds itself in a stronger position now.
This SCI Special Report tracks the major developments in the US CRT market during the two years since JPMorgan completed its ground-breaking synthetic RMBS in October 2019, culminating in a sea-change in policymaker support for the sector ushered in by the Biden administration.

Last week's news and analysis
CAS calling
Fannie Mae in the market with its first CAS deal since Q1 2020
CAS prices
Expected Fannie Mae CAS, the return to CRT, hits the tape
Innovative SRT finalised
Bank of Ireland executes synthetic RMBS
Pockets of resilience
European ABS/MBS market update
RTS pending
SRT regulatory uncertainty persists
SCI CRT Awards: Arranger of the Year
Winner: Santander
SCI CRT Awards: Credit Insurer of the Year
Winner: Fidelis Insurance Holdings
SCI CRT Awards: Impact Deal of the Year
Winner: Marco Polo Three
SCI CRT Awards: Innovation of the Year
Winner: Colisée 2020
SCI CRT Awards: Investor of the Year
Winner: Christofferson, Robb & Company
SCI CRT Awards: Issuer of the Year
Winner: BNP Paribas
SCI CRT Awards: Law Firm of the Year
Winner: Clifford Chance
SCI CRT Awards: North American Arranger of the Year
Winner: Citi
SCI CRT Awards: North American Issuer of the Year
Winner: BMO Capital Markets
SCI Awards: North American Law Firm of the Year
Winner: Clifford Chance
SRT prints
KIMI X prices tight
Trustmark settles for $5m
Three agencies join forces in breach of Fair Housing Act case

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

Recent research to download
GACS, HAPS and more? - September 2021
Given the success of both GACS and HAPS in facilitating the development of a market for non-performing loans, and consequently bank deleveraging, could similar government-backed measures emerge in other European jurisdictions? This Euro ABS/MBS Premium Content article examines the prospects for the introduction of further national guarantee schemes.

SOFR and equity - September 2021
Term SOFR is expected to be the main replacement for US Libor. This SCI Premium content article explores the challenges the new benchmark presents to US CLO equity investors.

Fannie Mae and CRT – August 2021
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.