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Issue 260 - 16th November

  • News Analysis

    • ABS

      • Profit potential

        More pubcos may sell assets to buy back debt

        In a move that is hoped will improve returns on capital employed, Punch is disposing of pubs and using the money raised to buy back its debt. Other highly levered pubcos could well follow suit, as reducing debt through buybacks offers several advanta...

    • RMBS

      • Timing issues

        RMBS cases to swell as timing limits expire

        The number of RMBS-related law suits in the US is unlikely to abate for some time to come. However, those considering claims will take note of the recent court case ruling involving Allstate and Countrywide, in which the judge threw out a number of R...

  • News

    • ABS

      • SCI Start the Week - 14 November

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

        PipelineA range of new transactions remained in the pipeline at the end of last week, including a couple of esoteric ABS - the US$400m Miramax Series 2011-1 Film Library Asset-Backed Notes and the US$787.57m TSA Minnesota tobacco settlement...

  • Job Swaps

    • ABS

      • Euro ABS trader hired

        Paolo Binarelli has joined Banca IMI's securitised products and loan trading desk in Milan, headed b...

    • CDS

      • Hedge fund branches out

        Saba Capital Management, the US$4.7bn hedge fund established by Boaz Weinstein, is set to open a UK...

      • Broker adds CCDS team

        Avatar Capital Group has hired ICAP's former credit hybrids team. The team will once again be led by...

      • Pickel returns as ISDA ceo

        Robert Pickel has been appointed ceo of ISDA, effective on 1 January 2012. He returns to the post af...

    • RMBS

      • RMBS pro recruited

        Bill Twombly has joined Risk Management Group as md of its due diligence practice, replacing Dante J...

      • NCUA settlements reached

        The NCUA has reached settlements with Citi and Deutsche Bank regarding potential claims relating to...

  • News Round-up

      • IRGs revamped

        Fitch has revamped its issuer report grades (IRGs) to promote improvements in investor reporting sta...

      • Solar financing MOU signed

        SolarTech and CalCEF have entered into a memorandum of understanding designed to bring finance, perf...

      • EC eyes tougher CRA rules

        The European Commission is proposing to toughen European legislation on credit rating agencies. The...

    • CDS

      • Dynegy auction set

        The auction to settle the credit derivative trades for Dynegy Holdings CDS is scheduled to be held o...

    • CMBS

      • Drop in CMBS loan pay-offs

        One month after posting the highest reading since December 2008, the percentage of CMBS loans paying...


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