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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.

  • Moral hazard addressed

    EIF completes SRT with BP Bari

    The EIF has completed a guarantee agreement with Banca Popolare di Bari under the SME Initiative for...

    News    17 August 2018
  • Risk transfer round-up - 17 August

    CRT sector developments and deal news

    UBI Banca is believed to be marketing its second-ever capital relief trade. The Italian bank&rsq...

    News    17 August 2018
  • SMEs supported

    Supranationals driving new credit ecosystem

    A new ecosystem is gaining traction in the securitisation market, with supranational institutions st...

    News Analysis    16 August 2018
  • SCI Start the Week - 13 August

    A look at the major activity in structured finance over the past seven days

    Pipeline The pipeline remained subdued last week, albeit a good mix of asset classes were represent...

    News    13 August 2018
  • Risk transfer round-up - 10 August

    CRT sector developments and deal news

    Banco Comercial Portugues is believed to be prepping a significant risk transfer deal for 4Q18. Acco...

    News    10 August 2018
  • Second Magdalena deal priced

    Santander SME portfolio attracts further investor interest

    Santander has completed its second FT Pymes Magdalena risk transfer transaction. The €166.3...

    News    8 August 2018
  • CRT resilience highlighted

    Investors undeterred by turn in credit cycle

    Widening credit spreads and an expected turn in the credit cycle have not induced significant change...

    News Analysis    6 August 2018
  • Market moves - 3 August

    Company developments and new hires in the structured finance sector

    Acquisitions Savills Investment Management is set to acquire a 25% interest in DRC Capital. In ad...

    News    3 August 2018
  • SCI Start the Week - 30 July

    A look at the major activity in structured finance over the past seven days

    A fairly broad range of transactions are in the pipeline although new issuance is leaning towards th...

    News    30 July 2018
  • Market moves - 20 July

    A weekly breakdown of new hires and company developments in the global structured finance industry.

    Acquisition agreed Stone Point Capital’s Trident VII fund is set to acquire Sabal Capita...

    Market moves    20 July 2018
  • SCI Start the Week - 16 July

    A look at the major activity in structured finance over the past seven days

    Pipeline Marketing of new securitisations continued to gain momentum last week, following the Indep...

    News    16 July 2018
  • Return to form?

    More traditional synthetic CRE deals emerging

    A number of issuers are working on CRE capital relief trades, including some UK banks that issued CR...

    News Analysis    13 July 2018
  • Market moves - 13 July

    A weekly breakdown of recent hires and company developments in the structured finance industry.

    Acquisitions and investments Alantra has acquired KPMG UK’s portfolio solutions group bu...

    Market moves    13 July 2018
  • SCI Start the Week - 9 July

    A look at the major activity in structured finance over the past seven days

    Pipeline With 4 July having a typically big impact on the issuance calendar, the pipeline was ligh...

    News    9 July 2018
  • Market moves - 6 July

    Australian expansion Intertrust has expanded into Australia through the acquisition of Seed Outsou...

    Market moves    6 July 2018
  • Barclays engineers comeback

    Further impetus added to Colonnade programme

    Barclays has returned to the risk transfer market with Colonnade Global 2018-1, a £34.2m c...

    News    2 July 2018
  • Trade finance CRTs gather pace

    Transactions offer multiple benefits to issuers and investors

    Interest is growing in synthetic securitisations backed by trade finance receivables - collateral th...

    News Analysis    28 June 2018
  • PRA's tough stance continues

    Banks have been reviewing the PRA’s significant risk transfer (SRT) consultation, which pr...

    News Analysis    22 June 2018
  • Mortgage SRT booster voted down

    MEP Caroline Nagtegaal’s amendment 596 to Article 234 of the CRR was rejected by the Europ...

    News Analysis    22 June 2018
  • Risk transfer round-up - 22 June

    Intesa Sanpaolo is rumoured to be prepping a capital relief trade referencing corporate assets, with...

    News    22 June 2018
  • Market moves - 22 June

    Europe Axa Investment Managers has hired Hans Stoter to global head of fixed income and interim he...

    Market moves    22 June 2018