Weekly Issue Archive »

Issue 340 - 12th June

  • Market Reports

    • Structured Finance

      • Activity surge for Euro ABS

        Activity has picked up in the European ABS markets over the last couple of weeks. Primary issuance may slow during next week's IMN conference in Brussels, but secondary trading levels are expected to hold steady. "We have been seeing big bid-lists...

    • RMBS

      • Secondary split seen in RMBS

        The US RMBS secondary market has had a mixed start to the week, with agency supply up but non-agency BWIC volume markedly down. SCI's PriceABS data shows several covers for agency bonds during yesterday's session, but fewer for non-agencies. Agency...

  • News

    • Structured Finance

      • SCI Start the Week - 10 June

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

        PipelineNew deals continued to join the pipeline last week, with three ABS, two RMBS and two CMBS announced. The ABS were US$205m CPS Auto Receivables Trust 2013-B, US$153m Nations Equipment Finance Funding I and US$15.87m Vermont Student Assistance...

    • CMBS

      • GRAND redemption nears

        GRAND sponsor Deutsche Annington (DAIG) intends to list on the Frankfurt Stock Exchange. As it seeks to rebalance its funding, the likelihood of the GRAND CMBS being redeemed on or before its October IPD has greatly increased. DAIG plans to move to...

    • RMBS

      • Large list divergence observed

        US non-agency RMBS prices had been hovering near their highs in the run-up to last month's pair of unusually large bid-lists. Thereafter the above-average supply, together with shifting views on QE tapering appeared to strain risk appetite. Freddie...

  • Provider Profile

    • Structured Finance

      • Linking-in credit

        Mike Manning, DealVector co-founder and ceo, and Dave Jefferds, co-founder and coo, answer SCI's que...

        Q: How and when did DealVector become involved in the structured finance markets? MM: The system has been live for two months or so, although of course we have been developing for longer than that. We really are filling a gap in the market and pro...

  • Job Swaps

    • Structured Finance

      • SFIG appoints advisors

        The Structured Finance Industry Group (SFIG) has retained the advisory firms of Kristi Leo and Arman...

      • Dock Street UK acquired

        Zolfo Cooper has expanded its financial advisory & restructuring services practice following...

    • CDO

      • Abacus trial to proceed

        Former Goldman Sachs trader Fabrice Tourre has failed in his attempt to narrow a US SEC lawsuit agai...

    • Risk Management
    • RMBS

  • News Round-up

    • Structured Finance

      • MMF reform 'premature'

        The US SEC is proposing to reform the way that money market funds operate in order to make them less...

    • CDO

      • ABS CDO on the block again

        An auction is to be conducted for RFC CDO I on 28 June. An auction was previously conducted for the...

      • Second CDO auction due

        The second auction of the year is being held for Independence IV CDO on 27 June, after proceeds from...

    • CDS

      • Urbi CDS settled

        The final price for Urbi Desarrollos Urbanos Bursatil de Cap Variable CDS was determined to be 19 du...

      • Bankia CDS settled

        Thirteen dealers submitted initial markets, physical settlement requests and limit orders to the Ban...

    • CLOs

      • First issuer for EWSM

        The European Wholesale Securities Market (EWSM) has announced its inaugural listing. Grand Harbour I...

      • Latest Euro CLO prints

        GoldenTree Asset Management has priced a European CLO that is said to not comply with risk retention...

      • CLO services strengthened

        Markit has added new loan performance data and analytics to its set of services that streamline the...

    • CMBS

      • Second Gagfah CMBS prepped

        Goldman Sachs and Bank of America Merrill Lynch are in the market with German Residential Funding 20...

      • CMBS late-pays declining

        US CMBS late-pays declined by 7bp in May to 7.37% from 7.44% a month earlier, according to Fitch's l...

      • CRE solution strengthened

        Trepp and The Rockport Group have released TreppPort 2.0, an enterprise level commercial real estate...

    • Insurance-linked securities
    • Risk Management

      • Standard CSA released

        ISDA has published the 2013 Standard Credit Support Annex (SCSA), which seeks to standardise market...

      • Data verification enabled

        TriOptima is set to support data verification and portfolio reconciliation of DTCC's trade repositor...

      • Clearing template launched

        ISDA and the Futures and Options Association (FOA) have launched the ISDA/FOA Client Cleared OTC Der...

      • Buy-side clearing begins

        Barclays reports that it cleared the industry's first single-name credit default swap client transac...

      • SAREB sales underway

        The start of property sales by Spain's bad bank - SAREB - underscores Fitch's ne...


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