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Issue 335 - 8th May

  • Market Reports

    • CMBS

      • Euro CMBS picks up as predicted

        SCI's PriceABS data shows 100 European CMBS BWIC line items for yesterday's session, as high secondary market volumes were maintained from earlier in the week. This is in stark contrast to the previous week, continuing the pattern of alterna...

      • CMBS ticks tighter on rising supply

        Generic US CMBS secondary spreads were mostly unchanged yesterday, although legacy conduit AM and AJ tranches tightened slightly. BWIC volume was up to around US$344m, with SCI's PriceABS data showing 59 line items for the session. "CMBS spreads di...

  • News

    • Structured Finance

      • ECB boost for SME ABS

        The ECB has begun consultations with the European Council and EIB in order to promote a functioning market for SME ABS. While the move has been welcomed as a step in the right direction, market participants are not expecting any significant progress...

    • CLOs

      • CLO redemption risks examined

        An unusual EOD notice has been issued for the Integral Funding CLO, after a scheduled optional redemption failed to complete on 15 April because of delays in the settlement of collateral sales. Although noteholders' risk of loss has not increased mat...

  • Job Swaps

    • Structured Finance
    • CMBS

      • NY law firm adds partner

        Morrison & Foerster has added partner Lawrence Ceriello to its real estate finance group in...

    • RMBS

      • RMBS vet joins Angel Oak

        Thomas Dolan has joined Angel Oak Funding as md. He has significant mortgage capital markets experie...

  • News Round-up

    • Structured Finance

      • Project Aspen JV formed

        Ireland's NAMA and Starwood Capital Group have established a joint venture relating to the sale of N...

    • CLOs
    • CMBS

      • IRP RFC issued

        The CRE Finance Council has released for comment version 7.0 of its investor reporting package (IRP)...

      • New Taurus CMBS nears

        Further details have emerged on Taurus 2013 (GMF1), the European multifamily CMBS that will refinanc...

    • Insurance-linked securities

      • PERILS coverage enhanced

        PERILS has extended its market coverage to include Italy, providing data for both earthquake and flo...

      • Lebanese MBS closed

        BLC Bank and BSEC - Bemo Securitisation have closed a US$185m securitisation for Lebanese real estat...

  • Research Notes

    • Risk Management

      • Counterparty credit risk uncovered - part one

        Terri Duhon, managing partner at B&B Structured Finance and author of 'How the Trading Floor Rea...

        For as long as derivatives have been around, counterparties have taken contingent credit risk to each other. Originally, the efforts to quantify and manage this risk were relatively simple, but over time they have evolved and become more sophisticate...


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