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.


  • CMBS cure rates eyed

    Sector developments and company hires

    CMBS cure rates eyed August US CMBS remittance data shows declining 30-plus day delinquency rates,...

    Market moves    3 September 2020
  • Negative rating actions tallied

    Sector developments and company hires

    Negative rating actions tallied Fitch reports that global structured finance negative rating action...

    Market moves    2 September 2020
  • Challenging times

    European CLO overlap issues addressed

    European CLOs’ overlap disadvantage versus the US has been exacerbated by the Covid crisis...

    News Analysis    2 September 2020
  • CECL eligibility expanded

    Sector developments and company hires

    CECL eligibility expanded The FDIC, OCC and the US Fed have finalised a rule that allows institutio...

    Market moves    28 August 2020
  • Middle ground?

    Middle market CLO credit agreements being renegotiated

    Many of the borrowers of the loans underlying US middle market CLOs are facing severe economic distr...

    News    26 August 2020
  • FDIC sued over Madden rule

    Sector developments and company hires

    FDIC sued over Madden rule The states of California, Illinois, Massachusetts, Minnesota, New Jersey...

    Market moves    25 August 2020
  • Skilled nursing CMBS eyed

    Sector developments and company hires

    Skilled nursing CMBS eyed DBRS Morningstar is reviewing its ratings on the CSMC 2019-SKLZ, Greyston...

    Market moves    24 August 2020
  • SCI Start the Week - 24 August

    A review of securitisation activity over the past seven days

    Last week's stories Car capital relief JPM Chase tests the auto loan waters with new CRT deal ...

    News    24 August 2020
  • Seasoned QMs proposed

    Sector developments and company hires

    Seasoned QMs proposed The CFPB has issued a notice of proposed rulemaking (NPRM) to create a new ca...

    Market moves    20 August 2020
  • New targets

    US CLO spread and issuance targets raised as previous levels already met

    US CLO triple-A and triple-B secondary spreads are now at 150bp and 450bp, while net primary supply...

    News    20 August 2020
  • Special servicing assets transferred

    Sector developments and company hires

    Special servicing assets transferred The assignment of substantially all of the assets of C-III Ass...

    Market moves    18 August 2020
  • SCI Start the Week - 17 August

    A review of securitisation activity over the past seven days

    Last week's stories Collections clarity Payment arrangement ABS strengthened Problem solving ...

    News    17 August 2020
  • Repeat patterns

    CLO equity activity continues to be challenged

    The US CLO primary and secondary markets broadly appear to have bounced back from the early stages o...

    News Analysis    12 August 2020
  • Piraeus taps HAPS

    Sector developments and company hires

    Piraeus taps HAPS Piraeus Bank has filed an application for inclusion of its Phoenix non-performi...

    Market moves    11 August 2020
  • CMBS repeat loan volume declines

    Sector developments and company hires

    CMBS repeat loan volume declines The percentage of US CMBS repeat loans dropped to 17.7% in 2019 an...

    Market moves    10 August 2020
  • Problem solving

    Paul Wilden, global head of capital markets at Apex Group, answers SCI's questions

    Q: How is Apex Group involved in the securitisation market? A: We provide a combination of SPV admi...

    Provider Profile    10 August 2020
  • SCI Start the Week - 10 August

    A review of securitisation activity over the past seven days

    Last week's stories Asset-backed attenuation Stricter underwriting in auto, credit card and home...

    News    10 August 2020
  • Alternative CLO ETF announced

    Sector developments and company hires

    Alternative CLO ETF announced Alternative Access Funds (AAF) has announced the registration of it...

    Market moves    7 August 2020
  • Middle market JV agreed

    Sector developments and company hires

    Middle market JV agreed PennantPark Investment Corporation (PNNT) has formed a joint venture with...

    Market moves    5 August 2020
  • MM CLO test failures rise

    Sector developments and company hires

    MM CLO test failures rise The continued deterioration in credit quality of issuers due to the coron...

    Market moves    4 August 2020
  • Euro CLO equity edges ahead

    Sector developments and company hires

    Euro CLO equity edges ahead European CLO equity cashflow returns average 9.3% year-to-date and - as...

    Market moves    3 August 2020