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Issue 355 - 25th September

  • News Analysis

    • CLOs

      • Supply sought

        Increased loan issuance not enough for CLOs

        Sourcing appropriate collateral is becoming tougher for European CLOs. Refinancing deals providing competition, new loan spreads flexing tighter and lingering regulatory concerns are holding back issuance in the sector. Unlike loan issuance for par...

  • Market Reports

    • Structured Finance

      • US supply sees sharp up-tick

        US secondary market activity has picked up significantly across the board, with SCI's PriceABS archive listing over 700 line items for yesterday's session. Bid-lists in each of the ABS, CMBS and RMBS sectors boosted supply. While a wide variety of...

    • CMBS

      • Euro CMBS reacts to taper delay

        The Fed's decision not to taper (SCI passim) - and the subsequent boost to risk assets - appears to have caught many market participants off-guard. European CMBS secondary activity was lifted by the tide, with many tranches tradin...

  • News

    • Structured Finance

      • SCI Start the Week - 23 September

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

        PipelineFive ABS were added to the pipeline last week, all of which were auto deals. Two RMBS, one CMBS and two CLOs were also announced. The ABS pipeline entrants comprised: US$205m CPS Auto Receivables Trust 2013-C; E-CARAT 2; €500m Kim...

    • CLOs

      • CLO diversification on the up

        A new JPMorgan overlap study implies that diversification among the top loan issuers across the US CLO market has increased. However, the currently challenged CLO arbitrage is expected to continue testing managers' ability to navigate through portfol...

    • RMBS

      • RMBS prices to follow ratings upwards

        US RMBS rating upgrades picked up steam in the second half of 2012, boosting the prices of the affected tranches in their wake. As many as 2,000 more bonds could be in line for an upgrade, with cleaner jumbo and Alt-A bonds most likely to see uplifts...

  • Job Swaps

    • Structured Finance

      • London law firm adds two

        Cadwalader, Wickersham & Taft has appointed Bruce Bloomingdale and Jeremiah Wagner to its ca...

  • News Round-up

    • ABS

      • SLABS EOD forecast

        Moody's notes in its latest ABS Spotlight that Access Group's series 2004-2 FFELP securitisation cla...

    • Structured Finance

      • Waiting for tapering

        The Fed's meeting this week was widely expected to herald the dawn of tapering, but rising interest...

    • CDS

      • Codere credit event called

        ISDA's EMEA Credit Derivatives Determinations Committee has resolved that a failure to pay credit ev...

      • CMBS auctions scheduled

        US$480m of US CMBS assets are slated for sale on Auction.com next month. The assets include two prop...

      • Data centre CMBS discussed

        Retail co-location businesses are behind a move to begin securitising data centre contracts, Moody's...

      • New York mods completed

        Iron Hound Management Co has completed over US$400m in CMBS loan modifications and refinancing on tw...


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