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.

  • MNHD plans programmatic issuance

    Sector developments and company hires

    Egyptian securitisation debuts Egyptian real estate developer Madinet Nasr Housing and Development...

    Market moves    23 December 2019
  • Nordic SRT inked

    Nordea returns with capital relief trade

    Nordea has priced a €5.1bn synthetic securitisation of Nordic corporate and SME loans. Dubb...

    News    20 December 2019
  • Risk participation programme agreed

    Sector developments and company hires

    CLO vulnerabilities eyed The Financial Stability Board has published a report assessing the financi...

    Market moves    19 December 2019
  • UK auto SRT finalised

    Santander completes retained first-loss deal

    Santander has completed a synthetic securitisation of UK auto loans. Dubbed Motor Securities 2018-1,...

    News    18 December 2019
  • Structured credit pro returns to the buy-side

    Sector developments and company hires

    EMEA Kingswood Holdings has appointed Lindsey McMurray and Howard Garland to its board from Polle...

    Market moves    17 December 2019
  • Economic efficiency

    Standardised bank SRT pros, cons weighed

    Various factors should be considered when contemplating whether to execute a significant risk transf...

    News Analysis    16 December 2019
  • Risk transfer round-up - 16 December

    CRT sector developments and deal news

    Deutsche Bank is rumoured to be readying a capital relief trade from the CRAFT programme. The last C...

    News    16 December 2019
  • Mixed motivations

    THRP sets stage for US bank CRT

    A combination of macro and micro factors are understood to have influenced the issuance of JPMorgan&...

    News    13 December 2019
  • Mutual agreement

    BPPB SRT debuts

    Further details have emerged about the EIF and Banca Popolare di Puglia e Basilicata’s (BP...

    News    9 December 2019
  • Grattan refinanced

    Bank of Ireland completes CRT

    Bank of Ireland has originated a €265m funded and unfunded financial guarantee that referen...

    News    6 December 2019
  • Ramping up

    Standard Chartered boosts corporate issuance

    Standard Chartered has completed a US$135m CLN that references a US$1.5bn portfolio of US and Europe...

    News    21 November 2019
  • US CRT pick-up?

    Volumes to remain restricted to large banks

    The US capital relief trades market is witnessing a long-awaited uptick, with three deals reportedly...

    News Analysis    18 November 2019
  • Risk transfer round-up - 15 November

    CRT sector developments and deal news

    Santander is rumoured to be prepping a synthetic securitisation of German consumer loans. This is on...

    News    15 November 2019
  • Choose risk

    Richard Robb, ceo of Christofferson, Robb & Company (CRC), an investment manager in New York...

    Q: How is CRC involved in the capital relief trade or risk sharing market? A: We continue to invest...

    The Structured Credit Interview    13 November 2019
  • Risk transfer return

    Bank of Ireland issues mezzanine tranche

    Bank of Ireland has issued an additional mezzanine tranche on top of the junior tranche of a 2017 ca...

    News    8 November 2019
  • Risk transfer round-up - 8 November

    CRT sector developments and deal news

    BMO will call a capital relief trade dubbed Muskoka Series 2017-1 in December. The senior secured an...

    News    8 November 2019
  • Rollover prepped

    NPL CRT to be refinanced

    Hoist Finance is readying a rated securitisation backed by Italian unsecured non-performing loans wi...

    News Analysis    7 November 2019
  • SCI Capital Relief Trades Awards 2019

    Personal Contribution to the Industry: Mascha Canio, Head of Credit & Insurance Linked Inves...

    Heading up a team responsible for one of the largest investment portfolios in the sector that has dr...

    News    6 November 2019
  • SCI Capital Relief Trades Awards 2019

    Advisor/Service Provider of the Year: Scope Ratings

    Scope Ratings has been selected as SCI’s Advisor/Service Provider of the Year, thanks to i...

    News    5 November 2019
  • SCI Capital Relief Trades Awards 2019

    Credit Insurer of the Year: Arch Capital Group

    Arch Capital Group Ltd (ACGL) is SCI’s Credit Insurer of the Year in recognition of its po...

    News    4 November 2019
  • Tactical opportunity?

    Downturn could spur CRT secondary activity

    Capital relief trade secondary market activity remains minimal. However, a credit downturn could spu...

    News Analysis    4 November 2019