CLOs

A CLO is a collateralized loan obligation or collateralised loan obligation known collectively as CLOs. CLOs are CDOs that reference loans, such as leveraged loans, SME loans or a bank's whole loan book (a balance sheet CLO). They come in both managed CLO and static CLO form and can be market value CLOs or synthetic CLOs.

• SCI Start the Week - 13 July

  A review of securitisation activity over the past seven days

  Last week's stories Arch restarts MILNs Relaunched Bellemeade Re 2020-1 priced Collection boo...

  News    13 July 2020

• OC ratios examined

  Sector developments and company hires

  OC ratios examined Drivers behind and expectations for European CLO OC ratios have been examined in...

  Market moves    10 July 2020

• Spanish CP vehicle formed

  Sector developments and company hires

  Spanish CP vehicle formed ODF Energía has registered on MARF the first issuance of comme...

  Market moves    9 July 2020

• CQS portfolio refinanced

  Sector developments and company hires

  CQS portfolio refinanced AnaCap Financial Partners has acquired and refinanced a portfolio of sal...

  Market moves    8 July 2020

• Positive signs for CLOs

  Sector developments and company hires

  Positive signs for CLOs US CLO manager metrics have begun to improve or stabilise, according to JPM...

  Market moves    7 July 2020

• Volcker revision impact modest

  Sector developments and company hires

  Volcker revision impact modest The impact of the changes made to the Volcker Rule (SCI 26 June) wil...

  Market moves    6 July 2020

• Volcker changes finalised

  Sector developments and company hires

  Volcker changes finalised The CFTC, FDIC, OCC, SEC and US Fed have finalised a rule modifying the V...

  Market moves    26 June 2020

• Subprime auto performance eyed

  Sector developments and company hires

  Subprime auto performance eyed Davis & Gilbert’s latest Credit Chronometer subp...

  Market moves    25 June 2020

• RFC issued on NPL ABS treatment

  Sector developments and company hires

  RFC on NPL ABS treatment The Basel Committee has published a technical amendment in connection with...

  Market moves    24 June 2020

• Weathering the storm

  US CLO warehouses perform well

  US CLO warehouses have weathered the fall-out from Covid-19 reasonably well, according to a new repo...

  News    24 June 2020

• QM price-based approach mooted

  Sector developments and company hires

  QM price-based approach mooted The CFPB has issued two notices of proposed rulemaking (NPRMs) to ad...

  Market moves    23 June 2020

• Test case scenario?

  US bankruptcy dispute could provide a template for CLO managers

  US-based marketing firm Acosta's bankruptcy filing and resultant disagreement between its lo...

  News Analysis    23 June 2020

• MILN market set to reopen

  Sector developments and company hires

  MILN market set to reopen Arch has returned to the market with Bellemeade Re 2020-1, after it was...

  Market moves    22 June 2020

• Time cut

  Post-crisis CLOs continue to feature short non-call/reinvestment periods

  New issue CLOs either side of the Atlantic have adapted to the post-pandemic world by introducing sh...

  News    22 June 2020

• SCI Start the Week - 22 June

  A review of securitisation activity over the past seven days

  FREE - Capital Relief Trades Virtual Panel - LIVE Join SCI live again this Thursday, 25 June, for a...

  News    22 June 2020

• CMBS scores in first TALF window

  Sector developments and company hires

  CMBS scores in first TALF subscription Investors requested US$252m in loans under the first TALF 2....

  Market moves    18 June 2020

• Structural hurdles

  US CLO managers face restructuring challenges

  Restructurings and workouts are an increasing focus for US CLO managers as credit deterioration cont...

  News Analysis    18 June 2020

• Next step

  Debut CLO part of platform roll-out

  BlueBay Asset Management priced its first CLO on Monday inside recent primary tights and despite the...

  News Analysis    17 June 2020

• Older CLOs underperforming

  Sector developments and company hires

  Older CLOs underperforming A significant proportion of all the US BSL CLOs S&P has on negat...

  Market moves    16 June 2020

• SCI Start the Week - 15 June

  A review of securitisation activity over the past seven days

  Last week's stories Addressing inconsistencies Performance metrics switched Calabria confiden...

  News    15 June 2020

• Californian auto loans eyed

  Sector developments and company hires

  Californian auto loans eyed The Westlake Automobile Receivables Trust 2020-2 issuer has disclosed t...

  Market moves    12 June 2020