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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.


  • NPL transaction markets

    Sector developments and company hires in structured finance

    NPL deal markets Banco Santander Totta is in the market with Hefesto STC (Guincho), a €98...

    Market moves    13 November 2018
  • SCI Start the Week - 12 November

    A review of securitisation activity over the past seven days

    Market commentary The Dilosk No. 2 Irish legacy RMBS was in focus in the European primary market la...

    News    12 November 2018
  • Resolution framework

    EBRD expands Greek NPL foothold

    The EBRD is boosting its foothold in the Greek non-performing loan market with co-investments in Pir...

    News Analysis    8 November 2018
  • CLOs in demand

    Quarterly SCI data update

    Analysis of SCI's databases underlines the significant demand for CLO paper seen in 3Q18, in...

    News Analysis    23 October 2018
  • Performance blueprint

    Positive predictions for NPL securitisations

    Northern Italian non-performing loan portfolios are performing better than Southern Italian portfoli...

    Talking Point    19 October 2018
  • Market moves update

    Company hires and sector developments in structured finance

    Alternatives alliance DWS Group and Tikehau Capital have entered into an alliance, following Tike...

    Market moves    18 October 2018
  • Greek GACS?

    Greek government considering asset protection scheme

    The Greek government is considering the creation of an asset protection scheme as part of the state&...

    News Analysis    12 October 2018
  • Market moves - 28 September

    The latest hires and company developments in the structured finance market

    Canadian pension partnership Canada Pension Plan Investment Board (CPPIB) announced today...

    Market moves    28 September 2018
  • SCI Start the Week - 24 September

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

    Pipeline RMBS dominated the newly-announced deals remaining in the pipeline by the end of last week...

    News    24 September 2018
  • 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