Weekly Issue Archive »

Issue 299 - 22nd August

  • News Analysis

    • Structured Finance
      • Conflict of interest?

        Rating agency reform proposals scrutinised

        Credit rating agency reform is still being determined on either side of the Atlantic. Concerns that current regulatory proposals will create conflicts of interest and increase the cost of securitisations remain, however. The rating agencies' appare...

      • Suits expected

        Libor-related litigation analyses prepped

        The impact of Libor rigging on the securitisation market is difficult to quantify, with the scandal representing yet another pause for the industry as it re-emerges post-financial crisis. Certainly, a wave of litigation activity is expected to be tri...

  • Market Reports

    • Structured Finance
      • Mammoth MBS supply seen

        MBS volume has spiked sharply over the last couple of days. Both CMBS and RMBS supply has been very strong, with the latter boosted by a rush of Countrywide bonds. From 122 CMBS line items displayed on SCI's PriceABS BWIC data on Monday, Tuesday sa...

      • Core focus for Euro supply

        Technical drivers continue unabated in the European secondary ABS market. With few offers and low tu...

    • CLOs
      • CLO equity sees strong demand

        CLO equity has grabbed the attention of the secondary markets, after the subordinated notes of Madison Park Funding IV traded twice over the past two sessions at record levels, as shown in SCI's PriceABS BWIC data. A US$5m piece of MDPK 2007-4A SUB...

  • News

    • Structured Finance
      • SCI Start the Week - 20 August

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

        PipelineTwo new deals joined the pipeline last week and remained there. The first is FirstMac Mortgage Funding Trust No.3 Series 2-2012 (an A$80m RMBS), while the second is Magnetite VI (a US$415.75m CLO). Pricings Fewer transactions went on to pr...

    • CMBS
      • GAGFAH upbeat on loan refis

        GAGFAH's 1H12 earnings call provided an update on its property portfolio and CMBS refinancing efforts. The firm's statements indicate that a full repayment of the Woba Dresden loan and at least a partial refinancing of the GAGFAH 1 loan ahead of thei...

  • Job Swaps

    • CDO
      • ICP settlement expected

        The US SEC and ICP Asset Management have reached a settlement in principle resolving all claims in t...

    • CDS
      • LCH.Clearnet preps US CCP

        LCH.Clearnet Group has acquired sole ownership of International Derivatives Clearing Group (IDCG) fr...

    • RMBS
  • News Round-up

      • ML3 boost for CDOs

        A 'Maiden Lane III effect' is observable in SCI's PriceABS BWIC data for yesterday's session. A numb...

      • FATCA Protocol unveiled

        ISDA has launched the ISDA 2012 FATCA Protocol. The protocol offers market participants an efficient...

    • RMBS
      • Legacy RMBS criteria hit

        S&P has announced various credit watch actions based on its updated criteria for monitoring...

      • Aussie RMBS stress tested

        Fitch's stress tests of Australian RMBS show the resilience of the ratings even through a severe sus...

      • HUD auction announced

        DebtX is hosting a US$1.7bn single-family loan sale on 12 September for the US Department of Housing...

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