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Issue 267 - 11th January

  • Market Reports

    • CLOs
      • Euro CLO hibernation over?

        The European CLO market has made a somewhat lethargic start to 2012, not dissimilar to how it ended 2011. Although the sector has not been busy in the first week of the year, trades are being done and activity is expected to pick up as the month cont...

  • News

    • ABS
      • Looking ahead for cat bonds

        S&P has published extracts of a roundtable discussion on the catastrophe bond market it recently hosted. In a generally forward looking and positive discussion the participants concurred on a number of issues not least that despite the econom...

      • Life securitisation shows potential

        S&P has published extracts of a roundtable discussion on longevity securitisations it recently hosted. The rating agency observes: "With recent transactions in the UK, longevity securitisations are attracting more attention in the US. Diffe...

    • Structured Finance
      • SCI Start the Week - 9 January

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

        PipelineThe year began with three new deals entering the pipeline last week. The largest is a US$1.7bn stranded cost ABS (CenterPoint Energy Transition Bond Company IV), which was joined by a US$765m student loan ABS (SLM Student Loan Trust 2012-1) a...

      • DataWarehouse construction progresses

        User functionality is the current focus of the team building the European DataWarehouse (ED), after Sapient Global Markets won the mandate to construct it at the end of October (SCI 1 November). Functionally, the ED will be a simple system, given tha...

    • RMBS
      • Douro tender offers surprise

        Banco BPI has surprised the market by launching a fixed price tender offer for ten bonds, accounting for €2.17bn of outstanding nominal value, across three Portuguese RMBS transactions - Douro Mortgages 1, 2 and 3. The offers form...

  • Talking Point

    • Structured Finance
      • Should triple-A be the only way for structured finance?

        Andrew South, senior director and head of European structured finance research at S&P, argues th...

        Investors in structured finance securities remain highly focused on triple-A ratings - and, consequently, so do issuers. But with banking system and sovereign risks recently increasing, triple-A ratings are becoming more difficult to achieve. In our...

  • Job Swaps

      • Credit advisor recruited

        Kepler Capital Markets has hired Joachim Karoubi Nordon as an advisor in its credit alternative solu...

      • GSE vet joins law firm

        Washington DC-based law firm Venable has hired Daniel Danello as of counsel. Danello has previously...

    • CDS
      • TriOptima Japan head named

        TriOptima has appointed Ken Nishimura as head of TriOptima Japan. He will manage the continuing expa...

    • CMBS
  • News Round-up

    • Structured Finance
      • RFC issued on CLO criteria

        DBRS is requesting comments on proposed changes to the methodology it uses to rate and monitor CLOs...

      • CMBS evolution considered

        New issue US CMBS continues to evolve but with uncertainties that broader market volatility will onl...

    • Risk Management
      • LCR rules taking shape

        The Group of Governors and Heads of Supervision (GHOS), the oversight body of the Basel Committee on...


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