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.

  • August boost as CLO activity drops

    Secondary CLO activity in 2016 so far is down on 2015 in both TRACE reported volume and BWICs. Howev...

    News    1 September 2016
  • Euro secondary stable

    The European securitisation secondary market remained stable throughout August and that looks unlike...

    SCIWire    1 September 2016
  • Colony offloads NPLs

    Colony Starwood Homes has sold a US$266m portfolio of 1,675 NPLs to an affiliate of Starwood Capital...

    News Round-up    31 August 2016
  • Internal versus external

    Third-party valuation engagements assessed

    The AIFMD's stipulation that alternative investment funds must engage the services of a third-party...

    News Analysis    30 August 2016
  • Secondary education

    Liquidity, accurate valuations could stabilise sector

    The first half of 2016 brought several challenges for the marketplace lending industry in the US, wi...

    News Analysis    29 August 2016
  • Junior Trups to be redeemed?

    Institutional Financial Markets subsidiary Star Asia Finance has entered into a supplemental indentu...

    News Round-up    26 August 2016
  • Call variability observed

    Most subprime auto ABS issuers have exercised clean-up calls in a relatively efficient manner, calli...

    News    25 August 2016
  • FFELP SLABS 'info lacking'

    Model risk remains high and collateral transparency remains limited in FFELP student loan ABS, say W...

    News    23 August 2016
  • SCI Start the Week - 22 August

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

    Pipeline The outstanding deal pipeline has shrunk significantly over the past few weeks as the year...

    News    22 August 2016
  • RMBS sales, trading teams bolstered

    Hilltop Securities has made a string of changes to its RMBS trading and sales group in its New York,...

    Job Swaps    19 August 2016
  • Retention span

    CMBS compliance window closing

    The race to originate and structure US CMBS is reaching a critical stage, with the implementation of...

    News Analysis    18 August 2016
  • Ex-Goldman trader barred

    The US SEC has barred a former Goldman Sachs RMBS trader from the securities industry after he was f...

    Job Swaps    17 August 2016
  • FNMA markets more NPLs

    Fannie Mae is marketing its latest batch of NPLs, including the fifth community impact pool that the...

    News Round-up    11 August 2016
  • Investors rally to Ocwen

    RMBS investors in deals serviced by Ocwen are holding meetings in the wake of the publication of an...

    News    10 August 2016
  • Hotels raise CMBS concerns

    The days of strong RevPAR growth and occupancy rates are over for US hotels, says Fitch. This could...

    News Round-up    9 August 2016
  • VW settlement to boost prepays?

    Volkswagen's offer to buy back or terminate the leases on US vehicles affected by its emissions viol...

    News Round-up    9 August 2016
  • SCI Start the Week - 8 August

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

    Pipeline A further 11 deals joined the pipeline last week. This was split into three ABS, three RMB...

    News    8 August 2016
  • MBS vet joins Nathan Hale

    Nathan Hale Capital has boosted its capital markets division with the appointment of Kurt Weisenfluh...

    Job Swaps    5 August 2016
  • Tullett buys broking business

    Tullett Prebon is set to acquire Creditex's US hybrid voice broking business from Intercontinental E...

    Job Swaps    4 August 2016
  • US CLOs stay robust

    The US CLO secondary market is maintaining robust activity levels so far this week after a strong Ju...

    SCIWire    2 August 2016
  • CLO pay-downs surge

    The number of CLO pay-downs in JPMorgan's CLO index (CLOIE) since the June rebalance through 31 July...

    News Round-up    2 August 2016