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Innovative GARC transaction prints


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Tuesday 14 March 2017 17:01 London/ 12.01 New York/ 01.01 (+ 1 day) Tokyo

Category: Capital Relief Trades ABS

Intesa Sanpaolo has printed an innovative risk transfer transaction - and the largest to date - from its GARC programme, with Banca IMI acting as arranger. The €2.5bn GARC SME-5 synthetic securitisation references a granular portfolio of Italian SME loans.

According to Elisabetta Bernardini, head of credit portfolio management at Intesa Sanpaolo: "This was an innovative structure, since it was completed ...  showing 60 out of 381 words of this article

Innovative+GARC+transaction+prints

%3CBODY%3E%3Cp+align%3D%22justify%22%3EIntesa+Sanpaolo+has+printed+an+innovative+risk+transfer+transaction+%2D+and+the+largest+to+date+%2D+from+its+GARC+programme%2C+with%26nbsp%3BBanca+IMI+acting+as+arranger%2E+The+%26%238364%3B2%2E5bn+GARC+SME%2D5+synthetic+securitisation+references+a+granular+portfolio+of+Italian+SME+loans%2E%3C%2Fp%3E%0D%0A%09%3Cp+align%3D%22justify%22%3EAccording+to+Elisabetta+Bernardini%2C+head+of+credit+portfolio+management+at+Intesa+Sanpaolo%3A+%22This+was+an+innovative+structure%2C+since+it+was+completed+through+a+limited+recourse+loan%2C+provided+for+funded+first+loss+protection+in+favour+%2E%2E%2E%2E%2E%2E



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Innovative GARC transaction prints