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 - 21 September

    A review of securitisation activity over the past seven days

    REMINDER: SCI CRT Awards The submissions period for the 2020 SCI CRT Awards is now open. The qualif...

    News    21 September 2020
  • Restructuring inked

    Attica Bank restructures NPL ABS

    Attica Bank has restructured a Greek NPL securitisation that was executed over three years ago and d...

    News    18 September 2020
  • Liquidity boost

    Piraeus taps Intrum

    Piraeus Bank and Intrum have signed an agreement under which Intrum will acquire 30% of the junior a...

    News    4 September 2020
  • Time lag

    Chinese asset quality weakens

    Banking system statistics released by the People's Bank of China (PBOC) and the China Bankin...

    News    28 August 2020
  • Impairment posted

    Write-down for Arrow, but collections improve

    Arrow Global posted a £110.4m loss in 1H20 and a non-cash impairment equal to £1...

    News    26 August 2020
  • SCI Start the Week - 17 August

    A review of securitisation activity over the past seven days

    Last week's stories Collections clarity Payment arrangement ABS strengthened Problem solving ...

    News    17 August 2020
  • LLPA increase 'misguided'

    Sector developments and company hires

    LLPA increase ‘misguided’ Fannie Mae and Freddie Mac are increasing the loan-le...

    Market moves    13 August 2020
  • Piraeus taps HAPS

    Sector developments and company hires

    Piraeus taps HAPS Piraeus Bank has filed an application for inclusion of its Phoenix non-performi...

    Market moves    11 August 2020
  • Problem solving

    Paul Wilden, global head of capital markets at Apex Group, answers SCI's questions

    Q: How is Apex Group involved in the securitisation market? A: We provide a combination of SPV admi...

    Provider Profile    10 August 2020
  • SCI Start the Week - 10 August

    A review of securitisation activity over the past seven days

    Last week's stories Asset-backed attenuation Stricter underwriting in auto, credit card and home...

    News    10 August 2020
  • Greek momentum

    Alpha applies for HAPS guarantee

    Alpha Bank has applied for a guarantee from the Hercules Asset Protection Scheme (HAPS) for two non-...

    News    6 August 2020
  • NPL trade inked

    Bank of Cyprus finalises Helix Two

    Bank of Cyprus has sold a €916m - in gross book value terms - non-performing loan portfolio...

    News    5 August 2020
  • Euro CLO equity edges ahead

    Sector developments and company hires

    Euro CLO equity edges ahead European CLO equity cashflow returns average 9.3% year-to-date and - as...

    Market moves    3 August 2020
  • SCI Start the Week - 3 August

    A review of securitisation activity over the past seven days

    Last week's stories Blockchain boost DLT opportunity for ABS market CMBS concerns Tailored B...

    News    3 August 2020
  • Recovery vehicle

    European securitisation 'fixes' on the cards?

    The securitisation-related measures included in the European Commission’s capital markets...

    News Analysis    31 July 2020
  • The perils of Covid CRE

    While CRE market has proved robust so far, help is still needed.

      The US commercial real estate market, and by extension the CMBS sector, has performed b...

    News Analysis    31 July 2020
  • SCI Start the Week - 27 July

    A review of securitisation activity over the past seven days

    Last week's stories Carrots and sticks 'Wide-ranging and ambitious' recommendations welcomed ...

    News    27 July 2020
  • 'Quick fix' for NPE, synthetic securitisation

    Sector developments and company hires

    ‘Quick fix’ for NPE, synthetic securitisation The European Commission has adopt...

    Market moves    24 July 2020
  • Italian trades inked

    Unicredit completes NPL pair

    Unicredit has sold two predominantly unsecured SME non-performing loan portfolios for a total of &am...

    News    23 July 2020
  • ReoCo restructuring in the works

    Sector developments and company hires

    ReoCo restructuring in the works The Leviticus SPV issuer is set to implement a ReoCo structure, ha...

    Market moves    23 July 2020
  • Carrots and sticks

    'Wide-ranging and ambitious' recommendations welcomed

    The recommendations put forward by the High Level Forum on Capital Markets Union (CMU) last month ha...

    News Analysis    21 July 2020