Weekly Issue Archive »

Issue 330 - 3rd April

• Market Reports

  • Structured Finance

    • Student paper surfaces as ABS picks up

      Bank card bonds may have accounted for the bulk of secondary ABS supply on Monday, but a busier session yesterday saw more variety out for the bid. Much of the available paper comprised student loan assets, but SCI's PriceABS data also shows timeshar...

  • RMBS

    • SAECURE surprise for Euro RMBS

      This week's SAECURE 13 deal seems to have caught many European RMBS traders by surprise, coming out of the blue in an otherwise pretty quiet week. The market has held fairly steady over the last few weeks as supply remains low, although developments...

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• News

  • CMBS

    • CMBS structuring proposals put forward

      A recent open letter from a group of European CMBS investors has largely echoed the CRE Finance Council's (CREFC) CMBS 2.0 proposals published last year. However, while the CREFC's proposals largely look to strike a compromise between market factions...

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• Job Swaps

  • Structured Finance

    • Derivatives, CLO pro joins SIFMA

      Matt Nevins has joined SIFMA as md and associate general counsel within the asset management group (...

  • • IOSCO makes leadership changes

      IOSCO has named Greg Medcraft as chairman of its board, succeeding Masamichi Kono. Howard Wetston ha...

  • • Bloomberg PolarLake adds SF data

      Fitch Solutions has signed an agreement to provide its credit rating data through Bloomberg PolarLak...

  • CDS

    • ISDA DC compositions confirmed

      The constituents of the latest ISDA Determinations Committees (DC) have been confirmed. Each of the...

  • CLOs

    • Pair join new credit manager

      Gibran Mahmud and Kurt Plumer have joined the newly-formed Triumph Capital Advisors, which has been...

  • • CLO pro joins law firm

      Appleby has added George Bashforth to its Cayman team as head of directorship services for Appleby T...

  • RMBS

    • ARMOUR appoints strategy chief

      ARMOUR Residential Management, which manages ARMOUR Residential REIT and JAVELIN Mortgage Investment...

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• News Round-up

  • ABS

    • ABCP programmes affirmed

      Fitch's annual US ABCP review has resulted in 25 programmes being affirmed. The review, based on Dec...

  • • Airline merger ABS impact 'minimal'

      The US$11bn merger of American Airlines' parent AMR Corporation with US Airways Group should have a...

  • • FFELP SLABS criteria enhanced

      Fitch has published a new criteria report, which supersedes its previous criteria report on rating U...

  • Structured Finance

    • Insurers set to widen investment focus

      Falling investment returns are proving to be problematic for insurance companies. Their asset alloca...

  • • New fund formed

      Deer Park Road Corp has confirmed the launch of its new ABS fund (SCI 4 December 2012), dubbed Burge...

  • • RFC issued on affordable housing criteria

      S&P is requesting comments on its proposed methodology for rating US municipal affordable mu...

  • • Negative rating transitions 'less pervasive'

      Credit quality for global structured finance securities fell for the sixth consecutive year in 2012,...

  • • Euro industrial focus for new fund

      Assenagon Asset Management has established a new fund that aims to take advantage of opportunities i...

  • CDO

    • CDO auctions due

      Auctions are due to be conducted for Longport Funding II and Trainer Wortham First Republic CBO IV....

  • CDS

    • Euro TR in the works

      IntercontinentalExchange is seeking to establish ICE Trade Vault Europe as a trade repository for th...

  • • Bankruptcy credit event called

      ISDA's Americas Credit Derivatives Determinations Committee has resolved that a bankruptcy credit ev...

  • CLOs

    • SME CLO criteria updated

      Fitch has updated its global rating criteria for SME CLOs, largely to reflect increased market value...

  • CMBS

    • Hotels push CMBS delinquencies higher

      The delinquency rate for US CMBS inched higher by 8bp in March to 9.5% after reaching the lowest lev...

  • • Downward pressure in store for Euro CMBS

      The second quarter is likely to start off on a difficult note for legacy EMEA CMBS, according to Fit...

  • Risk Management

    • Affiliate clearing exemption agreed

      The CFTC has issued a final rule to exempt swaps between certain affiliated entities within a corpor...

  • RMBS

    • UK resi loss severities analysed

      Loan loss severities on UK repossessed properties have increased substantially alongside the proport...

  • • Servicing opportunities eyed in Spain

      Third-party non-performing loan servicers from outside Spain are seeking to establish platforms in t...

  • • Freddie loan-level data welcomed

      Freddie Mac's public release of historical loan-level performance data on some of the mortgages it o...

  • • RMBS servicer transfers analysed

      A research report published by Opera Solutions argues that transferring US RMBS portfolios to new se...

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