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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.


  • Job swaps round-up - 24 November

    EMEA Alvin Wong has been hired as director at United Overseas Bank (UOB). Previously he was svp...

    Job Swaps    24 November 2017
  • NPL secondary 'needs AMC blueprint'

    The European Commission has confirmed progress on NPL secondary markets. It has highlighted the crea...

    News Analysis    21 November 2017
  • NPL equity acquired

    Hedge fund Elliott Management has acquired an equity piece in Attica Bank's non-performing loan secu...

    News Analysis    10 November 2017
  • Job swaps round-up - 3 November

    EMEA The Carlyle Group is set to reorganise its executive leadership, effective from 1 January 201...

    Job Swaps    3 November 2017
  • Secured exposures eyed

    The ECB's recent proposal regarding higher non-performing loan provisioning is expected to have a mo...

    News Analysis    1 November 2017
  • MPS loan appraisal pending

    Cerved Information Solutions, one of the largest Italian servicers, has been selected by Atlante II...

    News Analysis    20 October 2017
  • Montepio NPL deal marketing

    A €142.5m Portuguese non-performing loan securitisation has hit the market. Dubbed Hefesto...

    News    19 October 2017
  • NPL platform to boost recoveries

    The creation of a non-performing loan platform by Portugal's three largest banks - Caixa Geral de De...

    News Analysis    13 October 2017
  • Specialised financing vehicles introduced

    The latest reform of the French finance sector introduces a new category of financing vehicle that i...

    News    11 October 2017
  • Rating agency opens in Europe

    KBRA has opened its first European office, located in Dublin, Ireland, and intends to expand into fu...

    News    5 October 2017
  • NPL coverage guidance strengthened

    The ECB has launched a public consultation on a draft addendum to its guidance on non-performing loa...

    News    4 October 2017
  • Rated RPL deal debuts

    Chimera Investment Corp is marketing its first rated re-performing loan RMBS, dubbed CIM Trust 2017-...

    News    2 October 2017
  • ReoCos boost Italian NPL prospects

    The Italian parliament recently approved new amendments to the Italian securitisation law, aimed at...

    News Analysis    28 September 2017
  • SCI Start the Week - 25 September

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

    Pipeline Additions to the pipeline last week were fairly broadly split. There were five ABS added,...

    News    25 September 2017
  • EBA releases SRT discussion paper

    The EBA has released its significant risk transfer (SRT) discussion paper, the main elements of whic...

    News    20 September 2017
  • Cohen and Co adds to Ukrainian NPL deal flow

    Erste Group Bank has successfully sold a Ukrainian portfolio, consisting of €240m of corpo...

    News Analysis    8 September 2017
  • Swap solution for Cyprus NPLs

    Cypriot banks are increasingly using debt-to-equity and debt-to-asset swaps to reduce their non-perf...

    News Analysis    5 September 2017
  • Ukrainian NPL sales gain traction

    DebtX is set to facilitate the largest Ukrainian NPL portfolio sale next month, signalling a growing...

    News Analysis    25 August 2017
  • NPL auction model highlighted

    Online platform Debitos welcomes the European Commission's public consultation on the development of...

    News Analysis    23 August 2017
  • SCI Start the Week - 21 August

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

    Pipeline Only a handful of transactions remained in the pipeline at the end of last week. The major...

    News    21 August 2017
  • Chinese NPL collections surveyed

    Collections for most Chinese non-performing loan securitisations have outpaced originators' initial...

    News    15 August 2017