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.

  • Leasing, SME SRTs executed

    Unusual capital relief trade completed

    News    14 December 2020
  • Finish line

    Trilogue agreement finalised

    Negotiators from the European Parliament’s Economic and Monetary Affairs Committee (ECON)...

    News    11 December 2020
  • Landmark SRT completed

    Unusual synthetic securitisation inked

    News Analysis    11 December 2020
  • ESN debate

    Could structures cannibalise true sale ABS?

    The European Parliament recently called for legislation to establish European Secured Notes (ESNs) t...

    News Analysis    9 December 2020
  • Synthetic RMBS debuts

    Raiffeisen completes capital relief trade

    News    7 December 2020
  • High-quality counterparties

    Insurer involvement in SRT on the rise

    SCI publishes regular in-depth analysis of trends and developments across the capital relief trades...

    News Analysis    4 December 2020
  • SCI CRT Awards 2020

    Personal Contribution to the Industry: Steve Gandy, md and head of private debt mobilisation, notes ...

    At the helm of arguably the most active and diverse capital relief trades arranging team, Steve Gand...

    News    4 December 2020
  • Pre-pandemic trends persist for US CLOs

    Sector developments and company hires

    Pre-pandemic trends persist for US CLOs Pre-pandemic trends in US leveraged lending - including hig...

    Market moves    2 December 2020
  • SCI CRT Awards 2020

    North American Law Firm of the Year: Clifford Chance

    The burgeoning development of the US bank capital relief trade (CRT) market has been one of the majo...

    News    2 December 2020
  • Innovative SRT inked

    Belgian synthetic RMBS finalised

    AXA Bank Belgium has completed a synthetic RMBS that references a static €730m portfolio of...

    News    2 December 2020
  • SCI CRT Awards 2020

    Law Firm of the Year: Allen & Overy

    In a highly disrupted year, Allen & Overy (A&O) has distinguished itself by not only...

    News    2 December 2020
  • SCI CRT Awards 2020

    North American Arranger of the Year: BMO Capital Markets

    BMO Capital Markets (BMO) has led the way in true risk sharing trades outside of Europe for over fou...

    News    1 December 2020
  • SCI CRT Awards 2020

    Arranger of the Year: Credit Suisse

    Credit Suisse completed two significant risk transfer transactions during 2Q20 that differ significa...

    News    1 December 2020
  • Test case

    JPMorgan CRT details revealed

    Further details have emerged in connection with a corporate capital relief trade that was completed...

    News    1 December 2020
  • SCI CRT Awards 2020

    North American Issuer of the Year: Freddie Mac

    Freddie Mac has several claims to fame over the last 12 months. One of the most arresting is that th...

    News    30 November 2020
  • Risk transfer round-up - 30 November

    CRT sector developments and deal news

    News    30 November 2020
  • SCI CRT Awards 2020

    Issuer of the Year: Intesa Sanpaolo

    Intesa Sanpaolo has won the Issuer of the Year category at SCI’s Capital Relief Trades Awa...

    News    30 November 2020
  • Excess spread harmonised

    EBA's SRT recommendations released

    The EBA’s long-awaited final report on significant risk transfer details a set of recommen...

    News Analysis    27 November 2020
  • SCI CRT Awards 2020

    Credit Insurer of the Year: RenaissanceRe

    RenaissanceRe (RenRe) has won the Credit Insurer of the Year category in SCI’s Capital Rel...

    News    27 November 2020
  • SCI CRT Awards 2020

    Investor of the Year: Alecta-PGGM

    The coming together of Alecta and PGGM to focus on credit risk sharing transactions (CRS), as they t...

    News    27 November 2020
  • SCI CRT Awards 2020

    Innovation of the Year: Vale Securities Finance 2019-1

    Unfunded protection has historically been focused on capital relief trade senior mezzanine exposures...

    News    26 November 2020