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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.


  • SCI Start the Week - 13 July

    A review of securitisation activity over the past seven days

    Last week's stories Arch restarts MILNs Relaunched Bellemeade Re 2020-1 priced Collection boo...

    News    13 July 2020
  • Pricing recalibration

    NPL ABS market growth pending?

    The EBA’s opinion (SCI 24 October 2019) and more recently the Basel Committee’s...

    News Analysis    9 July 2020
  • Collection boost?

    NPL ABS performance remains volatile

    May registered higher collection volumes than April for Italian non-performing loan securitisations,...

    News    7 July 2020
  • RFC issued on NPL ABS treatment

    Sector developments and company hires

    RFC on NPL ABS treatment The Basel Committee has published a technical amendment in connection with...

    Market moves    24 June 2020
  • NPL platform launched

    Debitos announces doValue partnership

    DoValue has established an online NPL trading platform dubbed doLook, via an exclusive partnership i...

    News    24 June 2020
  • SCI Start the Week - 22 June

    A review of securitisation activity over the past seven days

    FREE - Capital Relief Trades Virtual Panel - LIVE Join SCI live again this Thursday, 25 June, for a...

    News    22 June 2020
  • CMBS scores in first TALF window

    Sector developments and company hires

    CMBS scores in first TALF subscription Investors requested US$252m in loans under the first TALF 2....

    Market moves    18 June 2020
  • SCI Start the Week - 15 June

    A review of securitisation activity over the past seven days

    Last week's stories Addressing inconsistencies Performance metrics switched Calabria confiden...

    News    15 June 2020
  • Strategic review

    Direct lending JV formed

    Newly established investment manager KKV Investment Management has finalised investment management a...

    News    12 June 2020
  • Robust pipeline

    Distressed debt fund exceeds target

    Balbec Capital has closed a distressed debt fund dubbed InSolve Global Credit Fund IV. The fund cons...

    News    11 June 2020
  • HAPS ABS debuts

    Eurobank finalises Cairo transaction

    Eurobank has finalised the first non-performing loan securitisation under the Hercules Asset Protect...

    News    8 June 2020
  • SCI Start the Week - 8 June

    A review of securitisation activity over the past seven days

    FREE - Capital Relief Trades Virtual Panel - LIVE For a discussion on how the Covid-19 fallout has...

    News    8 June 2020
  • Collection hitch

    Italian NPL ABS suffer Covid setback

    The Covid-19 pandemic has severely hit Italian non-performing loan securitisations. Since April, the...

    News    5 June 2020
  • Vulnerability highlighted

    Irish re-performing RMBS 'more sensitive'

    Measures taken to contain the coronavirus pandemic have resulted in economic contraction, which is e...

    News    4 June 2020
  • NPL ABS prepped

    Pancretan Bank readies Castor

    Pancretan Bank is readying a non-performing loan ABS that references an approximately €1.1b...

    News    3 June 2020
  • SCI Start the Week - 1 June

    A review of securitisation activity over the past seven days

    Last week's stories Accessing guarantees CBILS securitisation warehouses mulled Forbe...

    News    1 June 2020
  • Renewables JV inked

    Sector developments and company hires

    Renewables JV inked By way of a joint venture, illimity Bank and VEI Green II have set up a securit...

    Market moves    29 May 2020
  • Galaxy returns

    Alpha relaunches NPL ABS

    Alpha Bank is relaunching its project Galaxy non-performing loan ABS following the coronavirus disru...

    News    29 May 2020
  • Pan-European guarantee fund launched

    Sector developments and company hires

    Pan-European guarantee fund launched The EIB board has approved a €25bn Pan-European Guara...

    Market moves    27 May 2020
  • Lift off

    Francesco Di Costanzo, head of structured credit at Hoist Finance, answers SCI's questions

    Q: How and when did you become involved with securitisation? A: We are a licensed credit market in...

    The Structured Credit Interview    27 May 2020
  • Limited effect?

    Performance trigger suspensions eyed

    The Italian government last week passed the Decreto Rilancio, a decree that aims to restart the econ...

    News    22 May 2020