Weekly Issue Archive »

Issue 310 - 7th November

  • News Analysis

    • Structured Finance
      • Putting money to work

        Quarterly review and outlook for European ABS

        We asked Lloyds Bank, the winners of SCI's 2011 arranger award for European consumer/credit card ABS, its views on activity in Q3 and expectations for Q4 in the sector. Below are SCI's questions and the responses from Bob Paterson, head of ABS syndic...

      • Compare and contrast

        Cross-sector relative value key for yield

        With QE3 driving down interest rates and spreads rallying to near-term tights, investors are being forced to work harder to find yield. The right portfolio composition is vital in this process, which is driving more investors to look at cross-sector...

    • CLOs
      • Great expectations

        Shifting CLO assumptions amid strong performance

        US CLO tranches tightened across the board in the third quarter, with primary issuance and secondary activity both exceeding expectations. Positive sentiment is prompting more aggressive assumptions from investors, based on expectations of continued...

  • Market Reports

    • CLOs
      • Euro CLO market on pause

        Activity in the secondary European CLO market stalled this week as first the US and later Europe all but shut down. Several lists planned for the end of October could now be hitting the market next week instead. "It has been a strange week. The beg...

    • CMBS
    • RMBS
      • US RMBS starts back up

        The US RMBS market began the week on a positive note with non-agency supply elevated across the board. Interactive Data figures put total non-agency volume at US$525m, with ARMs comprising the bulk. Valuations appear to have held fairly stable, wit...

  • News

    • ABS
      • SLABS pool benchmarking recommended

        Private student loan ABS has seen demand increase during 2012, with spreads tightening commensurately, with spreads for new issue five-year average life bonds almost halving between January and October. Wells Fargo ABS analysts report that relative v...

    • Structured Finance
      • Solvency II proposals critiqued

        The European Insurance and Occupational Pensions Authority (EIOPA) has published its proposed capital rules for Solvency II, albeit it is labelled as a working document to allow insurance companies to carry out quantitative impact studies. European a...

      • SCI Start the Week - 5 November

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

        Pipeline The pipeline was joined last week by two auto ABS, two RMBS and one CLO. The ABS were Bumper 6 France and €560m FCT Autonoria Compartment 2012-2, the RMBS were Gosforth Funding 2012-2 and A$400m Light Trust No.4 and the CLO was US...

  • Job Swaps

    • Structured Finance
      • Aussie SF partner joins

        James Mok has joined Minter Ellison in Sydney as partner. He specialises in structured and asset fin...

    • RMBS
      • REIT co-founder takes over

        Wellington Denahan-Norris has been appointed to Annaly Capital Management's board as chairman. She a...

  • News Round-up

    • Structured Finance
    • CLOs
      • SME CLO duo called

        The early termination of two German SME CLOs has been announced. 2012S-Fix 1 was called last month...

      • CVA whitepaper published

        Quantifi has released a whitepaper comparing alternate methods for calculating CVA capital charges u...

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