Structured Credit Investor SCI’s 5th Annual Capital Relief Trades Seminar 17 October 2019, London
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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.


  • Expensive valuations concern CLO investors

    The biggest concern for the CLO market is expensive valuations, according to the latest quarterly su...

    News    18 July 2017
  • SCI Start the Week - 17 July

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

    Pipeline Pipeline activity stepped up again last week. The additions consisted of eight ABS, an I...

    News    17 July 2017
  • Demand drives Euro CLO portfolio loosening

    With demand for high-yielding assets outstripping supply, more European CLOs are being issued with a...

    News Analysis    14 July 2017
  • Ratings reviewed for payment disruption risk

    Fitch and Moody's have placed a slew of US RMBS classes on rating watch negative, after Wells Fargo...

    News    13 July 2017
  • NPL secondary market impediments eyed

    The European Commission has launched a public consultation regarding initiatives to facilitate the d...

    News    11 July 2017
  • Reserve uncertainty weighs on legacy RMBS

    It emerged last week that Wells Fargo withheld over US$90m in cashflow across 20 Bank of America-ori...

    News    3 July 2017
  • SCI Start the Week - 3 July

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

    PipelineOnly a handful of transactions remained in the pipeline last week. Of these, RMBS accounted...

    News    3 July 2017
  • US CLOs slow

    Activity in the US CLO secondary market is slow as the seasonal lull looks to have started early. ...

    SCIWire    29 June 2017
  • Euro secondary solid

    The European securitisation secondary market remains solid despite distractions from primary and mon...

    SCIWire    29 June 2017
  • Refinancings spur trading reversal

    The CLO refinancing wave appears to have caused a reversal of trading trends for investment grade an...

    News    28 June 2017
  • US ABS accelerates

    Activity in the US ABS secondary market has begun to accelerate this week. After several weeks of...

    SCIWire    27 June 2017
  • Euro secondary steps up

    Activity has started to step up across the European securitisation secondary market following an ext...

    SCIWire    27 June 2017
  • Time to taper?

    Participants at IMN's Global ABS conference recently suggested that quantitative easing is likely to...

    Talking Point    19 June 2017
  • US CLOs similar

    Focus and activity in the US CLO secondary market continue to be similar to recent sessions. BWIC...

    SCIWire    15 June 2017
  • Euro ABS/MBS unchanged

    Trading patterns in the European ABS/MBS secondary market remain unchanged. The lack of primary su...

    SCIWire    15 June 2017
  • Prosecutors probe valuations process

    US prosecutors, after years spent studying the sell-side, appear to be turning their attentions to t...

    News Analysis    14 June 2017
  • Loan refis to increase CLO pressures

    US CLO managers are increasingly constrained by WAS tests in the current environment of declining lo...

    News    14 June 2017
  • US CLO demand continues

    Demand for paper across the capital structure continues unabated in the US CLO secondary market. "...

    SCIWire    13 June 2017
  • Euro secondary flickers

    The European securitisation secondary market is slowly flickering back to life. Overall, all ABS/M...

    SCIWire    13 June 2017
  • MPS solvency plan outlined

    Monte dei Paschi di Siena (MPS) has set out a plan to demonstrate its solvency to regulators, paving...

    News Analysis    8 June 2017
  • NPL RMBS redemptions spike

    US non-performing loan RMBS early redemption activity has hit record levels this year. US$5.3bn of b...

    News    8 June 2017