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


  • Pricing tension

    Houlihan Lokey model leveraged in shipping deal

    Nord LB completed a landmark €2.6bn shipping non-performing loan deal with Cerberus in Apri...

    News    16 August 2019
  • SCI Start the Week - 12 August

    A review of securitisation activity over the past seven days

    SCI CRT awards Don't miss out on your chance to win: the submissions deadline for the inaugural SCI...

    News    12 August 2019
  • NPL disposals sealed

    Two banks offload Italian loan portfolios

    Two disposals of Italian non-performing and performing loans (NPLs) originated by Unicredit and ING...

    News    8 August 2019
  • JV agreed

    Intesa readies UTP securitisation

    Intesa San Paolo has reached an agreement with Prelios that involves the securitisation of a &eu...

    News    7 August 2019
  • SCI Start the Week - 5 August

    A review of securitisation activity over the past seven days

    Market commentary Portuguese RMBS outperformed other securitisation asset classes last week, booste...

    News    5 August 2019
  • NPL SRT inked

    Hoist Finance tackles backstop regulation

    Hoist Finance has sold a €225m portfolio of Italian unsecured non-performing loans via an u...

    News Analysis    1 August 2019
  • SCI Start the Week - 29 July

    A review of securitisation activity over the past seven days

    Transaction of the week Unusual securitisation backed by music rights collateral (SCI 23 July) SE...

    News    29 July 2019
  • Italian renaissance?

    Spike in new issuance supported for now

    The uptick in Italian ABS/MBS primary issuance in the past month or so gives the impression of a lon...

    News Analysis    24 July 2019
  • First-mover disadvantage

    NPL ABS downgrade structurally specific

    Scope Ratings has downgraded Elrond NPL 2017 after a performance review. The move appears to be a de...

    News    23 July 2019
  • Novel approach

    UTPs drive ReoCo rethink

    Investors and servicers in the Italian non-performing loan market are targeting a new approach to Re...

    News Analysis    11 July 2019
  • New deals surge

    Quarterly SCI data update

    2Q19 saw a surge in new issuance volume across securitisation markets either side of the Atlantic. T...

    News Analysis    10 July 2019
  • Spanish exposure

    Rare NPL RMBS prepped

    Rarely seen Spanish assets are behind the latest non-performing loan RMBS currently marketing. At th...

    News    10 July 2019
  • Latest podcast now live!

    Mascots, Japanese CLO investors and STS struggles

    In this month's edition of the SCI podcast, the editorial team get stuck into some interesti...

    News    1 July 2019
  • Wholesale switch

    Creval eyes NPL reduction strategy

    Credito Valtellinese (Creval) has announced a five-year business plan that aims to reduce its non-pe...

    News    28 June 2019
  • ReoCo impact assessed

    Company hires and sector developments

    CMIP acquisition Investcorp Credit Management US has entered into a definitive interest purchase a...

    Market moves    28 June 2019
  • Compliance challenges

    STS requirements raise regulatory liability concerns

    The securitisation market now appears to be embracing the new Securitisation Regulation and adapting...

    News Analysis    28 June 2019
  • Setting standards?

    NPL templates simplified

    Debitos has further developed and simplified the EBA’s NPL templates without altering thei...

    News    17 June 2019
  • Collections eyed

    Distressed investors expect secondary market boost

    Distressed investors are anticipated to become more aggressive in generating cash and overcome the s...

    News Analysis    17 June 2019
  • Deleveraging continues

    UniCredit expands NPL ABS programme

    UniCredit has expanded its Sandokan non-performing loan ABS programme. While the transaction is bein...

    News    7 June 2019
  • JV announced

    Intrum acquires Piraeus platform

    Intrum is set to purchase Piraeus Bank’s servicing platform, which will be hived-off into...

    News    4 June 2019
  • Pillar prepped

    Public Greek NPL ABS debuts

    DBRS has provided the first public rating for a non-performing loan securitisation in Greece as the...

    News Analysis    31 May 2019