UBI Banca debuts SRT

Category: Capital Relief Trades ABS


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UBI Banca has executed its first capital relief trade, dubbed UBI 2017 RegCap 1. The approximately €100m cash collateralised financial guarantee references a €1.9bn corporate portfolio.

According to Simone Tufo, head of capital management at UBI Banca: "Financial guarantees have been used extensively in the market, so we had plenty of benchmark cases to look at.

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