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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.


  • SCI Start the Week - 18 May

    A review of securitisation activity over the past seven days

    Last week's stories Auto ABS boost European ABS market update Drafting issues The potential...

    News    18 May 2020
  • Forbearance frontiers

    4.7m home loans now in forbearance

    Almost 4.7m US homeowners are in forbearance plans as of May 12, an increase of 200,000 in...

    News    15 May 2020
  • SFSF investments disclosed

    Sector developments and company hires

    SFSF investments disclosed The AOFM has disclosed the recent investments it has made under the Stru...

    Market moves    12 May 2020
  • SCI Start the Week - 11 May

    A review of securitisation activity over the past seven days

    Last week's stories CRM tool CBILS guarantees eligible for CRR recognition EC decision awaite...

    News    11 May 2020
  • SCI Start the Week - 4 May

    A review of securitisation activity over the past seven days

    Last week's stories Cautiousness prevails European CLO market update CRT vol aims for the sta...

    News    4 May 2020
  • CRT vol aims for the stars

    No longer staid and dependable, the CRT market is at record-breaking volatility

    Despite a levelling out in April, volatility in the credit risk transfer market remains extremely el...

    News Analysis    2 May 2020
  • MBS overvaluation case settled

    Sector developments and company hires

    Overvaluation case settled The US SEC has accepted an offer of settlement from Semper Capital Manag...

    Market moves    1 May 2020
  • Manager scrutiny

    CLO manager performance on watch

    CLO manager scrutiny is growing just as market conditions make their job harder. Nevertheless, diffe...

    News Analysis    30 April 2020
  • Cautiousness prevails

    European CLO market update

    The European CLO market has had a solid run in to month-end this week, with the first post-Covid cra...

    News    30 April 2020
  • Securitisation support

    AOFM initiatives to boost volumes

    The Australian Office of Financial Management has acted quickly to support the Australian securitisa...

    News Analysis    28 April 2020
  • Opportunistic buying

    Covid-19 kicks off secondary SRT market

    Capital relief trade secondary market activity has received a boost from the coronavirus fallout as...

    News Analysis    28 April 2020
  • SCI Start the Week - 27 April

    A review of securitisation activity over the past seven days

    Last week's stories Accessing liquidity The role technology plays in securitising trade finance...

    News    27 April 2020
  • De-risking deluge?

    US CLO managers' initial crash response assessed

    The current unprecedented trading conditions will only lead to ever-greater CLO manager differentiat...

    News    27 April 2020
  • Inventory ABS prepped

    Sector developments and company hires

    Inventory ABS prepped Fintech platform Supply@ME Capital (SYME) has entered into an agreement with...

    Market moves    24 April 2020
  • Rating reaction?

    Potential shift to non-investment grade drives selling

    The CLO BWIC calendar has been dominated by triple-B paper so far this week, as sellers look to off-...

    News    21 April 2020
  • SCI Start the Week - 20 April

    A review of securitisation activity over the past seven days

    Last week's stories Bilateral activity Opportunistic capital redeployment underway Coverage...

    News    20 April 2020
  • Coverage cleared

    Debut programmatic ILW trade executed

    Tremor last week executed what is believed to be the first programmatic ILW trade via an online auct...

    News    16 April 2020
  • Discounted opportunities

    Insurers target SRT secondary market

    Insurers are now targeting the capital relief trades secondary market in search of discounted opport...

    News    16 April 2020
  • Second wave

    Widespread CLO rating downgrades add further uncertainty

    Extensive CLO downgrades are expected to follow the widespread pandemic-driven negative rating actio...

    News Analysis    16 April 2020
  • Price volatility

    Liquidity constraints hit credit risk transfer

    Acute losses have been suffered in the US credit risk transfer market over the last few weeks, as pr...

    News Analysis    15 April 2020
  • Uncertain ratios

    OC senior test failures accelerate, but options remain for some CLO managers to cure breaches

    As the April reporting season gets underway in earnest, the number of US CLOs failing their OC tests...

    News Analysis    15 April 2020