Structured Credit Investor SCI’s 5th Annual Capital Relief Trades Seminar 17 October 2019, London
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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 - 11 July

    CRT sector developments and deal news

    Standard Chartered is believed to be readying a corporate capital relief trade that is expected to c...

    News    11 July 2019
  • SRT trio

    Santander expands SME foothold

    Santander has completed three SME significant risk transfer transactions that total €940.6m...

    News    9 July 2019
  • Auto SRT completed

    Innovative direct CLN structure debuts

    Santander has completed its first synthetic significant risk transfer transaction that references a...

    News Analysis    5 July 2019
  • Buy-side buy-in

    End-user use of complex credit on the increase

    The continuing need to search for yield is causing the buy-side to look beyond traditional credit. N...

    News Analysis    4 July 2019
  • Helping hand

    Refugee risk-sharing facility inked

    Dutch development bank FMO has signed a pilot bilateral risk-sharing facility under its NASIRA progr...

    News Analysis    4 July 2019
  • Increasing capacity

    Bridging the CRT gap for insurers

    Greater involvement from insurers in capital relief trades should improve any capacity constraints t...

    News Analysis    3 July 2019
  • Guarantee inked

    Banco BPM prints first capital relief trade

    The EIF is taking on the risk of Banco BPM’s €55m mezzanine guarantee in connecti...

    News    28 June 2019
  • Risk transfer round-up - 14 June

    CRT sector developments and deal news

    Standard Chartered is believed to have priced a corporate capital relief trade this week. The bank&a...

    News    14 June 2019
  • Risk transfer round-up - 7 June

    CRT sector developments and deal news

    Santander is believed to be readying three SME significant risk transfer transactions, along with a...

    News    7 June 2019
  • MRT potential

    Reinsurer opportunities eyed

    The mortgage risk transfer (MRT) programme in the US has the potential to rival natural catastrophe...

    News Analysis    6 June 2019
  • Interpretation issues

    Credit Suisse completes capital relief trade

    Credit Suisse has completed its first capital relief trade of the year, dubbed Elvetia Finance serie...

    News    29 May 2019
  • STS SRTs pending

    EBA to publish discussion paper on synthetic criteria

    The EBA is set to publish a discussion paper on STS criteria for synthetic securitisations in Septem...

    News Analysis    29 May 2019
  • Risk transfer round-up - 24 May

    CRT sector developments and deal news

    Santander is believed to be readying a capital relief trade consisting of auto loans for 2Q19. The S...

    News    24 May 2019
  • Implied volatility leads the way

    Realised outpaced across European indices

    The broad-based rally in credit in recent weeks is also driving up European credit option volatility...

    News    22 May 2019
  • Goodwill hunting

    Higher recoveries from Interserve insolvency expected

    Interserve became the second UK outsourcer to suffer a credit event in a risk transfer transaction,...

    News Analysis    20 May 2019
  • Promising prospect

    Synthetic UTPs contemplated as IFRS 9 hedge

    Synthetic securitisations referencing unlikely-to-pay loans are a more promising prospect than synth...

    News Analysis    17 May 2019
  • Risk transfer round-up - 16 May

    CRT sector developments and deal news

    Caixabank has completed a synthetic securitisation of Spanish SMEs with the European Investment Fund...

    News    16 May 2019
  • Challenges persist

    Structuring issues put shipping SRTs on hold

    Capital relief trades referencing shipping loans have long been discussed and planned by a small num...

    News Analysis    3 May 2019
  • Risk transfer round-up - 3 May

    CRT sector developments and deal news

    Santander is rumoured to be readying an SME transaction from its Magdalena programme for 2Q19.The tr...

    News    3 May 2019
  • Risk transfer round-up - 26 April

    CRT sector developments and deal news

    The second quarter of this year is expected to be more active in terms of capital relief trade issua...

    News    26 April 2019
  • Lender charged for overstating returns

    Sector developments and company hires

    CRT analytics dv01 has launched a credit risk transfer market surveillance offering, which adds U...

    Market moves    23 April 2019