Structured Credit Investor SCI’s 5th Annual Capital Relief Trades Seminar 17 October 2019, London
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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.


  • SCI Start the Week - 26 February

    A look at the major activity in structured finance over the past seven days

    Upcoming event SCI Risk Transfer & Synthetics Seminar - 13 March, New YorkSCI's Synthetic Sec...

    News    26 February 2018
  • Market moves - 23 February

    North America David Sykes has rejoined Chapman and Cutler as a partner, expanding the firm's San F...

    Market moves    23 February 2018
  • SCI Start the Week - 19 February

    A look at the major activity in structured finance over the past seven days.

    Upcoming event SCI Risk Transfer & Synthetics Seminar - 13 March, New York SCI...

    News    19 February 2018
  • Market moves - 16 February

    EMEA Fulcrum Asset Management has recruited Mark Horne as a director within the newly created Fulc...

    Market moves    16 February 2018
  • French ABS to benefit from new regime

    The creation of a new SPV regime in France (SCI 11 October 2017) will boost the country's ABS sector...

    News Analysis    14 February 2018
  • CRE CLOs quick off the line

    Two more firms have launched inaugural CRE CLOs, with a US$480.4m transaction from Argentic Silverpe...

    News    12 February 2018
  • SCI Start the Week - 12 February

    A look at the major activity in structured finance over the past seven days.

    Pipeline It was yet another busy week of pipeline additions. There were nine ABS, 11 CLOs, three CM...

    News    12 February 2018
  • Key CMBS pillars hold steady

    New US CMBS transactions are generally seeing signs of improving credit quality. This challenges rec...

    News Analysis    7 February 2018
  • SCI Start the Week - 5 February

    A look at the major activity in structured finance over the past seven days

    Pipeline The pipeline was dominated by ABS transactions last week, including a pair of structured s...

    News    5 February 2018
  • Blackstone preps Italian CMBS

    Blackstone is tapping the market with a €403.81m Italian CMBS. The transaction, dubbed Pie...

    News    5 February 2018
  • Market moves - 2 February

    North America CVC Credit Partners has named Gretchen Bergstresser as global head of performing cre...

    Market moves    2 February 2018
  • Call for transparency underlined

    A push for transparency is a common thread among European initiatives to reinvigorate the securitisa...

    News Analysis    2 February 2018
  • TPG moves into CRE CLOs

    TPG RE Finance Trust (TRTX) is marketing an inaugural US$932.4m CRE CLO. The transaction, entitled T...

    News    2 February 2018
  • Euro secondary picking up

    Activity in the European securitisation secondary market is gradually picking up, albeit from a low...

    SCIWire    31 January 2018
  • SCI Start the Week - 29 January

    A look at the major activity in structured finance over the past seven days.

    Pipeline The balance of additions to the pipeline last week closely followed that of the week befor...

    News    29 January 2018
  • Market moves - 26 January

    North America Schulte Roth & Zabel has elected Stephen Schauder as a partner in the struct...

    Market moves    26 January 2018
  • CRE CLO market tapped

    Värde Partners is tapping the market with a debut US$368.1m cashflow CRE CLO. The transacti...

    News    25 January 2018
  • Toys R Us impact eyed

    Toys 'R' Us is set to close 182 stores, accounting for seven million square-feet or about a fifth of...

    News    25 January 2018
  • Going green

    Current status of green ABS market discussed

    Representatives from Clifford Chance, TMF and Ygrene Energy Fund recently discussed the current stat...

    Talking Point    25 January 2018
  • SCI Start the Week - 22 January

    A look at the major activity in structured finance over the past seven days.

    Pipeline Last week saw pipeline additions return to favouring ABS. There were seven ABS added, alon...

    News    22 January 2018
  • Market moves - 19 January

    Acquisitions RenaissanceRe Ventures is set to acquire a minority shareholding in Catalina Holdings...

    Market moves    19 January 2018