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.

  • Doubling up

    Record year anticipated for the EIF

    The bulk of European SME capital relief trades in 1H20 were public, with the EIF a particularly acti...

    News Analysis    22 September 2020
  • SYME securitisation underway

    Sector developments and company hires

    SYME securitisation underway Supply@ME Capital (SYME) reports that it has received offers, subjec...

    Market moves    11 September 2020
  • Volksbank debuts

    Delayed Italian SRT inked

    Volksbank has completed a financial guarantee with the EIF and the EIB that references a static &...

    News    11 September 2020
  • APAC SRTs eyed

    Balance sheet optimisation in focus

    Asia Pacific banks are eyeing synthetic securitisations to optimise their balance sheets and as Base...

    News Analysis    11 September 2020
  • Risk transfer round-up - 9 September

    CRT sector developments and deal news

    Commerzbank is rumoured to have significantly upsized a corporate and SME significant risk transfer...

    News    9 September 2020
  • Risk transfer round-up - 4 September

    CRT sector developments and deal news

    Intesa Sanpaolo is rumoured to be readying a corporate capital relief trade from its GARC programme...

    News    4 September 2020
  • EGF expression of interest launched

    Sector developments and company hires

    EGF expression of interest launched The EIF has issued a call for expression of interest in partici...

    Market moves    1 September 2020
  • Seeking stability

    Stimulus complicating SME SRT analysis

    Coronavirus-related stimulus schemes are complicating the analysis of European SME significant risk...

    News Analysis    1 September 2020
  • Risk transfer round-up - 28 August

    CRT sector developments and deal news

    BNP Paribas is rumoured to be prepping its fifth corporate capital relief trade from the Resonance p...

    News    28 August 2020
  • CECL eligibility expanded

    Sector developments and company hires

    CECL eligibility expanded The FDIC, OCC and the US Fed have finalised a rule that allows institutio...

    Market moves    28 August 2020
  • Risk transfer round-up - 20 August

    CRT sector developments and deal news

    Banca Carige is rumoured to be readying a capital relief trade referencing corporate loans for 2H20....

    News    20 August 2020
  • SSRT trio revealed

    Sector developments and company hires

    SSRT trio revealed S&P has published its ratings and research on three previously privately...

    Market moves    19 August 2020
  • Maximum impact

    Full deduction SRTs stage comeback

    Supranational and private capital relief trade structures have had to be adjusted following the coro...

    News Analysis    17 August 2020
  • Hertz review reversed

    Sector developments and company hires

    Hertz review reversed Moody's has changed the direction of review for 11 tranches of rental...

    Market moves    12 August 2020
  • 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