LOGIN
 

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 - 31 July

    CRT sector developments and deal news

    Caixabank is rumoured to be readying a capital relief trade backed by consumer loans for 2H20. The l...

    News    31 July 2020
  • Recovery vehicle

    European securitisation 'fixes' on the cards?

    The securitisation-related measures included in the European Commission’s capital markets...

    News Analysis    31 July 2020
  • SRT boost

    BMO launches capital relief trade

    Bank of Montreal (BMO) has completed a five-year financial guarantee that references US and Canadian...

    News    29 July 2020
  • SCI Start the Week - 27 July

    A review of securitisation activity over the past seven days

    Last week's stories Carrots and sticks 'Wide-ranging and ambitious' recommendations welcomed ...

    News    27 July 2020
  • 'Quick fix' for NPE, synthetic securitisation

    Sector developments and company hires

    ‘Quick fix’ for NPE, synthetic securitisation The European Commission has adopt...

    Market moves    24 July 2020
  • Qualitative approach?

    Covid complicating CRT analytical processes

    The Covid-19 fallout has complicated further the analytical process in connection with capital relie...

    News Analysis    24 July 2020
  • Second CLN references WaMu loans

    Sector developments and company hires

    Second CLN references WaMu loans JPMorgan is in the market with its second public synthetic RMBS, C...

    Market moves    21 July 2020
  • Carrots and sticks

    'Wide-ranging and ambitious' recommendations welcomed

    The recommendations put forward by the High Level Forum on Capital Markets Union (CMU) last month ha...

    News Analysis    21 July 2020
  • Risk transfer return

    Intesa debuts post-Covid Italian SRT

    Intesa Sanpaolo has returned to the synthetic securitisation market with a new transaction from its...

    News Analysis    15 July 2020
  • Risk transfer round up - 10 July

    CRT sector developments and deal news

    Commerzbank is rumoured to be readying a corporate capital relief trade that is expected to close in...

    News    10 July 2020
  • Restructuring events?

    Uncertainty over CRE values weighs on CRTs

    Restructuring credit events in capital relief trades backed by commercial real estate loans will lik...

    News Analysis    9 July 2020
  • Polish SRT inked

    Santander completes capital relief trade

    Santander has completed a synthetic securitisation of Polish leasing receivables with the EIF. The t...

    News    9 July 2020
  • Risk transfer round-up - 3 July

    CRT sector developments and deal news

    Details have emerged of three corporate capital relief trades issued by Barclays last month. The ris...

    News    3 July 2020
  • Spanish SRT inked

    BBVA launches capital relief trade

    BBVA has completed an €87m mezzanine guarantee with the EIF. Dubbed Vela Four, the transact...

    News Analysis    3 July 2020
  • Fast amortisation

    SSPAIN deleveraging highlighted

    Scope Ratings has published a monitoring report for Santander’s 2019 US auto significant r...

    News    2 July 2020
  • Risk transfer round-up - 1 July

    CRT sector developments and deal news

    NatWest is rumoured to be readying a capital relief trade backed by mid-market corporate loans for 3...

    News    1 July 2020
  • Structuring negotiations

    CRT origination trends evolving

    Investors appear to be able to extract more than they used to during structuring negotiations for ca...

    News Analysis    26 June 2020
  • Impact SRTs eyed

    Newmarket launches asset management business

    Newmarket has launched its asset management business, which will focus on the nexus of structured so...

    News Analysis    23 June 2020
  • Risk transfer round-up - 22 June

    CRT sector developments and deal news

    Deutsche Bank has completed a US$125.58m six-year CLN that references a US$1.932bn global corporate...

    News    22 June 2020
  • Sicilian CRT launched

    BAPR completes SME securitisation

    The EIF and Banca Agricola Popolare di Ragusa (BAPR) have completed a synthetic securitisation refer...

    News    19 June 2020
  • Lift off

    Credit Suisse finalises SRT

    Credit Suisse has priced an Sfr130.5m equity tranche that references a Sfr1.8bn blind pool of medium...

    News    19 June 2020