Weekly Issue Archive »

Issue 262 - 30th November

  • News Analysis

    • CDS

      • Consolidation call

        Credit hedge fund M&A set to increase

        Consolidation activity among credit hedge funds is expected to increase going into next year. Regulatory change, as well as demand for diversified exposure is driving this trend. Of all of the different hedge fund strategies, credit is likely to se...

    • CMBS

      • October outlook

        Wave of maturities gives clues to future CMBS performance

        October was a busy month for European CMBS loan maturities, with 27 loans - totalling €2.71bn by balance - scheduled to repay. Only four repaid in full and on time, creating a number of considerations ahead of the glut o...

    • RMBS

      • Dollar demand

        Favourable currency arbitrage boosts UK RMBS

        The UK primary RMBS market has defied expectations and remained open for business throughout the European sovereign debt crisis. While issuance in the sector has been fuelled by its strong track record, demand from US investors is also working in its...

  • Market Reports

    • ABS

      • Happy holidays?

        The European ABS market is very quiet and it is not just because of the Thanksgiving holiday in the US. Trading activity continues to lessen as the end of the year grows nearer, with one trader describing current levels as "extremely muted". "Every...

  • News

    • Structured Finance

      • SCI Start the Week - 28 November

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

        PipelineA handful of transactions entered the pipeline last week. Of these deals, two were SME securitisations (€3.1bn Foncaixa Consumo 1 and €5.64bn Santander Empresas 10), one was a CLO (US$419m Liberty Island Funding 2011-1) an...

    • CDO

      • CVA CDO marketing

        RBS is currently marketing a synthetic CDO-like structure referencing the bank's counterparty credit risk from a portfolio of OTC derivatives trades. The deal - dubbed Score 2011-1 - is RBS' first public counterparty risk securiti...

    • CMBS

      • Auction results reviewed

        September's 'geo-series' CRE sale on auction.com covering Florida and Southeast US was the largest auction in CRE history and its impact on the CMBS market is still being felt. Consequently, US CMBS research analysts from Barclays Capital are continu...

  • Provider Profile

    • ABS

      • Capturing market trends

        Adam Prather, principal at Solve Advisors, answers SCI's questions

        Q: How and when did Solve Advisors become involved in the structured finance market? A: Solve Advisors was formed in July by myself and three colleagues - Eugene Grinberg, Matt McCann and Gerard Nealon. We were all formerly at Red Pine Advisors, whi...

  • Job Swaps

      • Bank names new SF head

        Crédit Agricole has promoted Jacques Prost to head of structured finance, replacing Jean-Fr...

      • Law firm names partners

        Sullivan & Cromwell has elected new partners to the firm, including William Monahan and Aman...

  • News Round-up

    • CDO

      • CDO tender offers proposed

        RBS is seeking to modify the terms and conditions of Skye CLO 1, Solar Funding I and Lunar Funding I...

      • SEAT credit event referred

        ISDA's EMEA Credit Derivatives Determinations Committee (DC) has voted on the question of whether a...

      • Dynegy CDS settled

        The final price in yesterday's Dynegy Holdings CDS auction was determined to be 71.25. 13 dealers su...

      • Keops properties complete

        The special servicer for the Keops loan, securitised in Juno (Eclipse 2007-2), has confirmed that 12...

    • Risk Management

      • OCC proposes ratings rule

        The OCC has proposed a rule to remove references to credit ratings from its non-capital regulations...


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