Secondary markets

The post-issuance trading or buying and selling of instruments, including, but not exclusively, asset-backed securities or ABS; commercial or residential mortgage-backed securities or MBS or CMBS or RMBS; collateralised debt obligations or CDOs; and collateralised loan obligations or CLOs takes place in the secondary market. Prices established in the secondary market are seen as an efficient means of deriving the value of similar products for valuation purposes.


  • SCI Start the Week - 10 May

    A review of securitisation activity over the past seven days

    Last week's stories Niche exposure CFE Finance answers SCI's questions NPL rebound? Secured...

    News    10 May 2021
  • NPL rebound?

    Secured loan sales set for 2022 return

    European secured loan sales witnessed their sharpest contraction last year as the coronavirus pandem...

    News    6 May 2021
  • Convexity clues

    CLOs hold firm but opportunities arise

    Booming CLO primary activity either side of the Atlantic continues to be met with sufficient demand...

    News Analysis    29 April 2021
  • Democratising data

    Stephane Michel, senior portfolio manager at the international business of Federated Hermes, answers...

    Q: How does Federated Hermes integrate ESG in its CLO business? A: CLOs are still very much a unive...

    The Structured Credit Interview    27 April 2021
  • SCI Start the Week - 26 April

    A review of securitisation activity over the past seven days

    Last week's stories Bottoming out EU NPL ratios improve Climate concerns The nexus between i...

    News    26 April 2021
  • SCI Start the Week - 19 April

    A review of securitisation activity over the past seven days

    Last week's stories Income opportunities Angel Oak Capital Advisors, answers SCI's questions ...

    News    19 April 2021
  • SCI Start the Week - 12 April

    A review of securitisation activity over the past seven days

    Last week's stories Collection boost? NPL sales increase pending amid uncertain timing Inclus...

    News    12 April 2021
  • Servicing hitch

    Italian NPL ABS collections drop

    Median gross collections for Italian non-performing loan securitisations in 2020 were 21% lower, com...

    News    12 April 2021
  • A turning point for investors

    KopenTech looks at US CLO trading trends in 2020 and their likely future impact

    In a period defined by a pandemic, social turmoil and an election, CLO investors increased their use...

    Talking Point    31 March 2021
  • Equity return boost touted

    Sector developments and company hires

    Equity return boost touted US CLO equity is poised to deliver double-digit returns to investors t...

    Market moves    29 March 2021
  • SCI Start the Week - 29 March

    A review of securitisation activity over the past seven days

    CLO pricing service selected SCI Valuations has been selected by Bloomberg's Enterprise Data busine...

    News    29 March 2021
  • CLO pricing service selected

    Sector developments and company hires

    CLO pricing service selected SCI Valuations has been selected by Bloomberg’s Enterprise...

    Market moves    25 March 2021
  • Manager maintenance

    CRE CLO credit quality maintained by manager strategies

    CRE CLOs have performed well through the pandemic, maintaining their OC cushions, largely as a resul...

    News Analysis    22 March 2021
  • SCI Start the Week - 22 March

    A review of securitisation activity over the past seven days

    Last week's stories Bifurcated bother Stress for CMBS secured by ground fees, leaseholds Dive...

    News    22 March 2021
  • Chip shortages 'credit positive' for auto ABS

    Sector developments and company hires

    Chip shortages ‘credit positive’ for auto ABS Sizable auto production cuts due...

    Market moves    18 March 2021
  • Performance indicators

    Footfall data, CMBS spread correlation highlighted

    Advan Research Corporation plans to create more sophisticated applications, such as bond calculators...

    News    16 March 2021
  • SCI Start the Week - 15 March

    A review of securitisation activity over the past seven days

    Last week's stories Alignment issues EEM performance concerns emerge Cladding issues Fire-sa...

    News    15 March 2021
  • Supply fatigue?

    European ABS market update

    Execution for the two UK securitisations priced last week indicated a limited appetite for paper, fo...

    News    10 March 2021
  • CLOs/CBOs solid

    US CLO primary rumbles on as CBOs perform strongly

    The US CLO refi/reset machine rolled on last week with primary spreads narrowing at the top of the s...

    News Analysis    9 March 2021
  • Cladding issues

    Fire-safety requirements to have 'marginal' impact on RMBS

    DBRS Morningstar has investigated the pervasiveness of the impact on UK mortgage borrowers of claddi...

    News    8 March 2021
  • SCI Start the Week - 8 March

    A review of securitisation activity over the past seven days

    Last week's stories Benchmark legislation Congress to rescue Libor-based contracts, but question...

    News    8 March 2021