Weekly Issue Archive »

Issue 261 - 23rd November

  • News Analysis

    • RMBS

      • Rock solid

        Benchmark performing well as end approaches

        Northern Rock's Granite master trust has endured a difficult few years, but its performance has improved recently. While the programme's popularity with investors is well established, amortisation means that its benchmark status is finite. The leve...

  • Market Reports

    • CLOs

      • Still slow for Euro CLOs

        The European secondary CLO market has been quiet, with a modest pick-up in BWICs not yet enough to generate much excitement. CLOs appear to have been over-sold and prices are expected to rise over time. "We saw a small number of BWICs this week, in...

  • News

    • ABS

      • SCI Start the Week - 21 November

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

        PipelineThe pipeline comprised CLO and auto ABS transactions at the end of last week. The CLOs are: US$290m AMMC CLO IX; US$271.8m Dryden XXII Senior Loan Fund; and US$419m Liberty Island Funding 2011-1. The auto ABS deals are €995.3m Cars...

    • CMBS

      • CMBS conduit issuance estimated

        A new report from Deutsche Bank CRE debt analysts examines the CMBS loans that are maturing next year and uses them to project what the conduit issuance market should look like in 2012. The analysts estimate that conduit production will be approximat...

  • Provider Profile

    • ABS

      • Consumer focus

        CastleOak Securities head of fixed income sales & trading Patrick de Catalogne and head of inves...

        Q: How, why and when did CastleOak Securities become involved in the structured credit and securitisation market? PdC: CastleOak Securities has been in existence for six years now and the founding partners all came from another investment bank. Cast...

  • Job Swaps

    • RMBS

      • REO business acquired

        Clayton Holdings has agreed to purchase Green River Capital. Green River, which provides REO, short...

  • News Round-up

    • ABS

      • SIV ratings downgraded

        Moody's has downgraded the ratings of the US CP, Euro CP and MTNs issued by the Carrera Capital and...

      • Unique strategy mooted

        In an investor call yesterday, Enterprise discussed the methods it is considering to mitigate a fina...

      • IO RFC issued

        Moody's is seeking comment on its proposed global rating framework for interest-only securities (IOs...

      • Auto ABS RFC released

        Kroll Bond Rating Agency (KBRA) is seeking public comment on its US auto loan ABS rating methodology...

    • CDS

      • Panrico auction results in

        The final price for the Panrico LCDS auction was determined to be 8.125. Five dealers submitted insi...

      • Panrico auction scheduled

        The auction to settle the credit derivative trades for Panrico S.L. Unipersonal LCDS is to be held o...

    • CLOs

      • Euro CLO review completed

        Moody's has completed its review of all European CLOs, which the rating agency initiated on 22 June...

      • R2 partners with Trepp

        R2 Financial Technologies has announced a new partnership agreement with Trepp that enables users of...

      • DQT down 7bp

        The delinquency rate for loans in US CMBS declined 7bp in October, to 9.29%, according to Moody's la...

      • MBS funds merged

        The Helios Strategic Mortgage Income Fund (HSM) has been merged into the Helios Total Return Fund (H...


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