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.
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SCI Start the Week - 1 August
A look at the major activity in structured finance over the past seven days. Print last week's news ...
Pipeline The final week of July brought six new ABS deals to the pipeline, as well as two CMBS and...
News 1 August 2016 -
US CLO rally continues
The US CLO secondary market is continuing a strong week with buyers still pouring money into the spa...
SCIWire 28 July 2016 -
FRTB data initiative launched
ISDA has launched a new data standards project to help facilitate compliance with the Basel Committe...
News Round-up 28 July 2016 -
CLO trading flexibility 'reducing'
US CLO 2.0s are losing trading flexibility because of leveraged loan quality deterioration and dimin...
News 28 July 2016 -
Euro CLOs switch
Activity in the European CLO secondary market has switched from sporadic to fluid this week. "The...
SCIWire 28 July 2016 -
Soloso sales underway
Wells Fargo - as trustee for Soloso CDO 2005-1 - has conducted a series of public and private sales...
Job Swaps 27 July 2016 -
Debut sale for structured loans
Freddie Mac has completed its first-ever structured loan sale following the auction of a US$198.9m p...
News Round-up 27 July 2016 -
Benchmark beginnings
Positive reception for debut device payment ABS
Verizon's debut securitisation of device payment plan agreements (DPPAs) earlier this month marked t...
News Analysis 27 July 2016 -
US CLOs to be tested
The US CLO secondary market is continuing to rally, but will be tested by a busy BWIC schedule today...
SCIWire 26 July 2016 -
Auditing issues
Subordinate assumptions, transparency examined
Auditing the accuracy of a client's most complex fair value measurements is no mean feat. There are...
News Analysis 26 July 2016 -
Euro secondary slow
The summer slowdown is manifesting itself across the bulk of the European securitisation secondary m...
SCIWire 26 July 2016 -
SCI Start the Week - 25 July
A look at the major activity in structured finance over the past seven days
Pipeline Last week's pipeline activity was largely in line with the week before it. There were four...
News 25 July 2016 -
NPL policy options offered
The EBA says that the revival of the EU market for securitisation may widen the range of options tha...
News Round-up 25 July 2016 -
ILS spreads hit new high
ILS issuance slowed in 2Q16 from the record-breaking first quarter, with only US$800m in catastrophe...
News Round-up 22 July 2016 -
US CLOs rolling on
The US CLO secondary market is maintaining its momentum, particularly in the middle of the stack. ...
SCIWire 21 July 2016 -
Euro secondary firm
Spreads across the European securitisation secondary market are remaining firm. Wider market posit...
SCIWire 21 July 2016 -
Granite sale examined
The UK National Audit Office (NAO) has praised the British government for its £13.3bn sale...
News Round-up 20 July 2016 -
Spanish full-recourse eyed
Conditions that guarantee the payment of a Spanish mortgage loan if the sale of the property at auct...
News Round-up 20 July 2016 -
US CMBS supply surges
The US CMBS market came to life last week, as a high volume of bid-list paper made the rounds. Activ...
SCIWire 19 July 2016 -
CLO relative value highlighted
Respondents to JPMorgan's latest quarterly client survey view CLO relative value as more compelling...
News Round-up 19 July 2016 -
Sales and trading head tapped
Mizuho Americas has brought in Thomas Hartnett as senior md and head of fixed income sales and tradi...
Job Swaps 19 July 2016