Derivatives

Derivatives are financial instruments that derive from an underlying asset such as a commodity, bond or currency. SCI’s derivatives coverage focuses on the structuring and trading of derivatives relating to securitisation and structured credit. The instruments covered are primarily: credit default swaps (CDS) and options; correlation trading through index tranches; total return swaps on credit and loan indices and baskets; bespoke tranches; and other new and unusual synthetic structures.

  • Risk transfer round-up - 11 May

    CRT sector developments and deal news

    Bank of Montreal has called Muskoka Series 2020-1. The US$132m financial guarantee was executed in A...

    News    11 May 2021
  • Mortgage-backed SRT priced

    Credit Suisse executes Elvetia refinancing

    News    10 May 2021
  • Tight pricing

    Standard Chartered prints CRT

    Standard Chartered has finalised a US$180m CLN that references a US$2bn portfolio of around 130 US a...

    News    5 May 2021
  • Marco Polo returns

    Credit Agricole finalises landmark SRT

    News    28 April 2021
  • Risk transfer round-up - 27 April

    CRT sector developments and deal news

    Credit Suisse has redeemed and delisted two Magnolia Finance Five transactions. Magnolia Finance Fiv...

    News    27 April 2021
  • Downgrades for 'lower quality' mall CMBS

    Sector developments and company hires

    Downgrades for ‘lower quality’ mall CMBS Moody's has downgraded 119 pri...

    Market moves    26 April 2021
  • Uncertainty highlighted

    UK banks unclear on project finance slotting

    The application of the slotting approach to synthetic securitisations referencing project finance as...

    News Analysis    23 April 2021
  • RWA boost

    ECB reveals TRIM findings

    The ECB has published the findings from its targeted review of internal models (TRIM). The exercise...

    News Analysis    20 April 2021
  • CRT seminar line-up finalised

    Workshop and roundtable discussion on the agenda

    SCI’s 5th Annual Risk Transfer & Synthetics Seminar is taking place tomor...

    News    20 April 2021
  • Risk transfer round-up - 19 April

    CRT sector developments and deal news

    News    19 April 2021
  • Federal preemption challenges continue

    Sector developments and company hires

    Federal preemption challenges continue Two US courts have heard actions that are of significance to...

    Market moves    15 April 2021
  • Risk transfer round-up - 14 April

    CRT sector developments and deal news

    News    14 April 2021
  • Green auto feasibility assessments underway

    Sector developments and company hires

    Green auto feasibility assessments underway CO2 emissions data reporting by auto loan lenders is...

    Market moves    13 April 2021
  • Leverage boost

    Dual-tranche SRT prepped

    News    13 April 2021
  • Risk transfer round-up - 12 April

    CRT sector developments and deal news

    News    12 April 2021
  • Non-resident Aussie RMBS debuts

    Sector developments and company hires

    Non-resident Aussie RMBS debuts Brighten Home Loan is readying its inaugural RMBS - the A$250m Sola...

    Market moves    8 April 2021
  • Positive prospects

    Margin loan CRTs on the agenda

    Credit Suisse is expected to close a capital relief trade referencing Asian margin loans this quarte...

    News Analysis    8 April 2021
  • Risk transfer round-up - 7 April

    CRT sector developments and deal news

    News    7 April 2021
  • Risk transfer round-up - 6 April

    CRT sector developments and deal news

    News    6 April 2021
  • Risk transfer round-up - 1 April

    CRT sector developments and deal news

    News    1 April 2021
  • Show me the money

    Debut US regional bank CRT yields too thin for traditional buyers

    Traditional capital relief trade buyers would not have been attracted to the recent Texas Capital Ba...

    News Analysis    29 March 2021