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.

  • Ramp-up continues

    Barclays completes capital relief trade

    News    29 November 2021
  • Syon upgraded on stable performance

    Sector developments and company hires

    KBRA has completed a surveillance review of Lloyds’ synthetic RMBS Syon Securities 2020-2....

    Market moves    25 November 2021
  • SRT chronicle: part two

    In the second of a three-part series on bank risk transfer transactions, Olivier Renault* looks at t...

    The SRT market is predominantly European (representing 86% of transactions since 2010), although US...

    Talking Point    25 November 2021
  • Rare RMBS with a twist

    Sector developments and company hires

    A rarely seen public Swedish RMBS is in the market with an unusual structural twist – Hypo...

    Market moves    23 November 2021
  • Upgrades anticipated after CMBS updates

    Sector developments and company hires

    Moody’s has updated three commercial real estate sector methodologies, following requests...

    Market moves    22 November 2021
  • Robust fundamentals

    Positive outlook for GSE CRT market

    GSE credit risk transfer gross new issuance has already hit record annual volumes, driven by high mo...

    News Analysis    22 November 2021
  • Lower for longer?

    SRTs to benefit from inflation

    Significant risk transfer transactions are expected to receive a boost from anticipated interest rat...

    News Analysis    18 November 2021
  • SRT chronicle: part one

    In the first of a three-part series on bank risk transfer transactions, Olivier Renault* takes a his...

    The bank balance sheet securitisation market has enjoyed significant growth over the past five years...

    Talking Point    18 November 2021
  • SRT finalised

    Credit Agricole completes capital relief trade

    News    17 November 2021
  • SRT wave

    Capital call surge continues

    News    16 November 2021
  • Risk transfer round-up - 15 November

    CRT sector developments and deal news

    News    15 November 2021
  • Sri Lanka eyes remittance securitisation

    Sector developments and company hires

    Sri Lanka eyes remittance securitisation The government of Sri Lanka (GOSL) is requesting competit...

    Market moves    12 November 2021
  • Hedges eyed

    CPMs target post-pandemic concentration risks

    The International Association of Credit Portfolio Managers (IACPM) has completed its 2021 Principles...

    News    12 November 2021
  • First LBR PCC investor signed

    Sector developments and company hires

    First LBR PCC investor signed Lloyds has announced that Ontario Teachers’ Pension Plan B...

    Market moves    10 November 2021
  • Risk transfer round-up - 10 November

    CRT sector developments and deal news

    News    10 November 2021
  • US CLO equity outperforms

    Sector developments and company hires

    US CLO equity outperforms US CLO Equity cashflows average 15.2% across 1,038 BSL transactions that...

    Market moves    8 November 2021
  • Restricted issuance

    STS synthetic volumes to remain constrained

    STS synthetic securitisation issuance has been growing since the final framework came into effect ea...

    News Analysis    4 November 2021
  • Back from the brink

    Lloyds resurrects UK SME SRTs

    News    3 November 2021
  • Risk transfer round-up - 3 November

    CRT sector developments and deal news

    News    3 November 2021
  • Risk transfer round-up - 1 November

    CRT sector developments and deal news

    News    1 November 2021
  • Rocky road ahead

    Output floor implementation questioned

    The European Commission has approved the long-awaited CRR3 proposal (SCI 28 October). The latest cha...

    News Analysis    29 October 2021