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A look at the major activity in structured finance over the past seven days.
Pipeline
There were relatively few pipeline additions ahead of the Labor Day weekend. The final count consisted of four ABS and a trio of Australian RMBS.
CNY4bn Driver China Seven, £438.1m Driver UK Six, Motor 2017-1 and US$1.03bn Navient Student Loan Trust 2017-5 accounted for the ABS. The Aussie RMBS were Apollo Trust 2017-2, Firstmac Mortgage Funding Trust 2017-2 and A$470m La Trobe Financial Capital Markets Trust 2017-2.
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