News

Risk transfer round-up - 17 March

Friday 17 March 2017 16:08 London/ 11.08 New York/ 00.08 (+ 1 day) Tokyo

Activity continued this week in the capital relief trade space, with Deutsche Bank's CRAFT CLO entering the bidding process on Wednesday. The underlying reference portfolio is expected to be comprised of SME loans.

Indeed, Deutsche Bank has issued a number of synthetic SME transactions through its CRAFT programme in the past. "Such loans tend to be less granular and less standardised, as well as harder to analyse, which is why they are usually done in the synthetic format," says one source.

17/03/2017 16:08:00