Structured Credit Investor SCI's Capital Relief Trades Seminar 2018
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NPLs

NPLs refers to securitisations that are structured utilising non-performing loans from either one or a collection of loan issuers. Typically involving large whole loan portfolios from distressed asset investors or non-core asset disposals from a bank, NPL securitisations are a strongly growing part of the structured credit and ABS markets. NPL structures used to date include ABS, RMBS and CLOs, though it is likely that these will broaden to CMBS and beyond in time.


  • GACS expansion?

    UTP extension questioned

    The recent extension of the GACS guarantee scheme is expected to further fuel Italian non-performing...

    News Analysis    21 September 2018
  • Revised NPL templates published

    Insolvency data rendered more dynamic

    The EBA last week published a revised version of its standardised non-performing loan data templates...

    News Analysis    17 September 2018
  • Increased obligations weighed

    ESMA outlines expanded reporting requirements

    ESMA last month published final draft technical standards on the new reporting requirements to be im...

    News Analysis    6 September 2018
  • GACS extended

    European Commission approves guarantee extension

    The European Commission has approved a second extension of the GACS guarantee scheme for the senior...

    News Analysis    5 September 2018
  • SCI Start the Week - 3 September

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

    Pipeline A small handful of deals remained in the pipeline ahead of the Labor Day holiday in the US...

    News    3 September 2018
  • Landmark disposal completed

    Project Helix sets optimistic tone for Cypriot NPLs

    Bank of Cyprus has agreed to sell a landmark €2.7bn (GBV) real estate portfolio to Apollo d...

    News    31 August 2018
  • Disposal partnership inked

    Fintech set to unlock CSEE NPL markets

    Trace Capital Advisors and Debitos have formed a partnership that could prove to be a turning point...

    News    22 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
  • Market moves - 10 August

    Company developments and new hires in the structured finance sector

    CDOs transferred Dock Street Capital Management has replaced Deerfield Capital Management as collat...

    News    10 August 2018
  • CEE foothold extended

    AnaCap acquires its first Slovenian NPL pool

    AnaCap has acquired a corporate debt portfolio of performing and non-performing first-lien loans fro...

    News    10 August 2018
  • Retention questioned

    Call for NPL regulatory differentiation

    Questions are emerging over the relevance of risk retention in the context of European non-performin...

    News Analysis    7 August 2018
  • Project Glas completed

    PTSB disposal raises prospects for private dwelling house transactions

    Permanent TSB has completed the sale of Project Glas - a €2.1bn (GBV) portfolio of Irish bu...

    News    7 August 2018
  • Cypriot NPL portfolio markets

    Bank of Cyprus transaction attracts global investor interest

    Bank of Cyprus is currently marketing a €5bn, by gross-book value (GBV), mixed NPL portfoli...

    News    27 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
  • Multi-originator GACS deal debuts

    Iccrea Banca completes landmark NPL securitisation

    Iccrea Banca, the cooperative group owned by multiple Italian mutual banks, has issued a €1...

    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
  • NPL SPV established

    Barclays financing portfolio acquisition

    Barclays, Varde Partners and Guber Banca have acquired a €1.4bn non-performing loan portfol...

    News    12 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
  • Landmark UTP deal completed

    Inaugural large-scale, pure UTL transaction inked

    Bain Capital Credit has acquired a portfolio of unlikely-to-pay (UTP) corporate loans, dubbed Projec...

    News    4 July 2018