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Issue 247 - 17th August

  • News Analysis

    • CMBS

      • Perfect storm

        Spread volatility stalls US CMBS recovery

        US CMBS spreads have now given back all of the gains accumulated over the last year, widening by almost 150bp over the past two weeks. Recent spread volatility - combined with ratings and regulatory issues - has stalled the sector...

    • CDS

      • Positive developments

        Opportunities in Asia-Pacific outlined

        The latest SCI Special Report explores how the launch of domestic CDS markets in China and India may spark new activity in the region. It also looks at the recovery taking place in the Australian RMBS market. (The full SCI Asia-Pacific Special Report...

    • ABS

      • Patchy progress

        Euro ABS market developing at varying speeds

        Traditionally strong sectors within European ABS continue to perform, but beyond the usual suspects the outlook for the market is not so positive. Changes in sovereign volatility, financing and the approach of regulators may be needed before other se...

    • RMBS

      • Alternative approach

        New tactics considered to revive non-agency RMBS

        Non-agency US RMBS issuance is yet to return in a meaningful way, with just one deal from Redwood Trust sold to investors so far in 2011. However, a number of initiatives are underway that could increase the viability of the asset class by year-end,...

  • Market Reports

    • ABS

      • All quiet for Euro ABS, CLO markets

        A combination of volatility in the broader credit markets and the traditional quietness of the August holiday season has served to silence the European ABS and CLO sectors. A limited amount of trading is taking place in each market, but activity is n...

  • News

    • CMBS

      • Operating advisor skill-sets scrutinised

        How much power CMBS operating advisors should have, as well as their source of revenue are among the issues being hotly debated ahead of the implementation of risk retention rules in the US. But the capabilities and quality of operating advisors also...

    • Insurance-linked securities

      • Oil spill risk set for securitisation

        CatVest Petroleum Services, a newly-formed company focused on providing insurance-linked securities (ILS) services to the oil industry, is seeking to help oil companies replicate the securitisation vehicles more commonly used to hedge hurricane or ea...

    • Whole business securitisations

      • More pub downgrades triggered

        Fitch has updated its UK whole business securitisation rating criteria and downgraded care home deal EPIC Barchester's class A and B notes and pubco deal Mitchells & Butlers Finance's class A and AB notes. As a result of the criteria changes,...

  • Provider Profile

    • ABS

      • Technological focus

        Avarina Miller, svp at Demica, answers SCI's questions

        Q: How and when did Demica become involved in structured finance? A: We have been around since 1992 and we have been involved in structured finance since we started. What we do is provide automated solutions for accounts receivables-based trade fina...

  • Job Swaps

    • ABS

      • Valuations duo recruited

        Opera Solutions has hired Joseph Henbest and Bill Hunt as vps in its global markets analytics group....

      • Foothill CLO sold

        The Carlyle Group has purchased the management contract of the US$500m Foothill CLO I from The Footh...

    • RMBS

      • Mortgage trading md added

        Knight Capital Group has appointed Darren Stumberger as md, mortgage trader. He joins from Bank of A...

  • News Round-up

    • CDO

      • ABS CDO liquidation due

        VCAP Securities has been retained to act as liquidation agent for Kleros Preferred Funding IX. It wi...

    • CDS

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