Structured Credit Investor SCI's 3rd Annual Risk Transfer & Synthetics Seminar 2019
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CMBS

Commercial mortgage-backed securities, or CMBS, are bonds or notes created via securitisation that are backed by commercial mortgages or other commercial real estate assets. CMBS originators are typically financial institutions that originate commercial real estate or commercial mortgage loans, including banks, building societies/savings & loans and mortgage finance companies. To create commercial mortgage-backed securities, or CMBS, institutions sell pools of their loans to a special-purpose vehicle, or SPV, which then sells the loans to a trust. The trust then repackages the loans as interest-bearing securities and issues them. This true sale of the loans to the SPV ensures that the CMBS is treated as bankruptcy-remote from the originator.


  • Making hay

    Private-label multifamily origination moves aside for agency CMBS

    US agency CMBS volume has risen at an average clip of 50% per year post-crisis, hitting a record US$...

    News Analysis    13 February 2019
  • US CMBS divergence eyed

    CMBS issuance 'will be hindered' by worsening borrower terms

    US CMBS is under scrutiny as figures have emerged showing weaker performance in post-crisis transact...

    News Analysis    5 February 2019
  • SCI Start the week - 4 February

    A review of securitisation activity over the past seven days

    Transaction of the week Bank of Montreal has printed a US and Canadian leveraged loan capital reli...

    News    4 February 2019
  • Staying strong

    MetLife Investment Management speaks to SCI about the year ahead

    Q: What’s your general outlook for the structured finance sector in 2019? William Morett...

    The Structured Credit Interview    1 February 2019
  • Euro ABS deals mooted

    Company hires and sector developments

    European RMBS transactions mandated A pair of European RMBS transactions have been mandated, marki...

    Market moves    31 January 2019
  • CLO UCITS launched

    Company hires and sector developments

    CDS publication launched Jochen Felsenheimer, md at XAIA Investment, Wolfgang Klopfer, chairman of...

    Market moves    30 January 2019
  • CMBS tender launched

    Company hires and sector developments

    BUMF tender Greencoat Investments has launched a tender offer for the Business Mortgage Finance 4,...

    Market moves    28 January 2019
  • New ILS unit launched

    Sector developments and company hires

    ABS outfit launched US Bancorp has launched a new ABS lending business, providing non-recourse com...

    Market moves    25 January 2019
  • CLOs retain top ranking

    Quarterly SCI data update

    CLOs remained the top asset class in terms of deal count for European and US new issuance in 4Q18, a...

    News Analysis    24 January 2019
  • Alt investor boosts global presence

    Sector developments and company hires

    Europe Palamon has hired Aqib Kadar as director of tax and structured finance. Kadar was previousl...

    Market moves    24 January 2019
  • Two depart at ILS firm

    Sector developments and company hires

    Europe M&G Investments has appointed Vincent Charles-Gervais as portfolio manager within i...

    Market moves    22 January 2019
  • Latest SCI podcast available

    SCI podcast episode four is now live

    SCI’s latest podcast is now live. This month the team round up asset class performance fro...

    News    21 January 2019
  • Innovative ILS transaction launched

    Sector developments and company hires

    Auto ILS closed AlphaCat Managers has securitised a non-standard passenger auto insurance portfoli...

    Market moves    18 January 2019
  • Risk retention for Japan?

    Sector developments and company hires

    ILS Sarah Demerling has joined Walkers Bermuda as a partner in the firm's corporate, finan...

    Market moves    16 January 2019
  • Agency launches new Euro office

    Company hires and sector developments

    Europe Alantra has hired James Fadel as md. He was previously head of structured finance advisory...

    Market moves    14 January 2019
  • SCI Start the Week - 14 January

    A review of securitisation activity over the past seven days

    Transaction of the week BBVA has completed an innovative transaction that synchronises credit event...

    News    14 January 2019
  • Solar equity ABS launched

    Sector developments and company hires

    Acquisitions American Mortgage Consultants (AMC) has acquired Meridian Asset Services, (Meridian),...

    Market moves    11 January 2019
  • US firms see flurry of hires

    Sector developments and company hires

    US Bay Crest Partners has bolstered its fixed income business with a trio of senior hires: Tadeusz...

    Market moves    10 January 2019
  • UK tax partner pinched

    Sector developments and company hires

    UK Hunton Andrews Kurth has recruited David Klass as a partner in its London office. Klass brings...

    Market moves    8 January 2019
  • Freddie Mac launches debut reinsurance deal

    Company hires and sector developments

    Acquisitions doBank has acquired 85% of NPL servicer Altamira Asset Management from entities affil...

    Market moves    7 January 2019
  • SCI Start the Week - 7 January

    A review of securitisation activity over the past seven days

    Transaction of the week Santander has launched an unusual synthetic securitisation of auto loans,...

    News    7 January 2019