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Issue 406 - 1st October

  • News Analysis

    • Risk Management
      • Transparency conundrum

        IPV best practices surveyed

        The majority of independent price verification (IPV) and valuation professionals polled by SCI, in partnership with Fitch Solutions, use multiple data sources for verification processes and reserving methodologies when valuing CDS. However, different...


  • Market Reports

    • ABS
      • Conference end brings BWIC boost

        The US ABS market was fired up again yesterday as participants returned from IMN's ABS East conference. BWIC volume reached close to US$500m during the session, with SCI's PriceABS data capturing a plethora of credit card ABS bonds, as well as a numb...

    • RMBS
      • Busy session for Euro RMBS

        Yesterday proved to be a busy session for secondary European RMBS. SCI's PriceABS data captured a long list of bonds out for the bid, several of which were covered. Among the names circulating yesterday was a €5.478m piece of the S...


  • SCIWire

    • CLOs
      • European markets quieter

        It's a quieter day today so far across European structured finance secondary markets. There is onl...

    • Secondary markets
      • Trading picks up again

        Trading in Europe has exceeded expectations as today has worn on with BWIC lists being added for all...

      • ECB Thursday looms

        The general spread tightening seen in European ABS, CLOs and MBS over last week is expected to hold...

      • US CDOs in focus

        It looks set to be a busy day today in US CDOs across Trups, CRE and ABS deals. In terms of Trups...

      • UK RMBS takes attention

        Following on from only patchy trading in peripherals, including some selling, in yesterday's session...

      • CMBS slowdown for now

        After a quieter than average week last week US CMBS has been in similar mode this week so far, but t...

      • Peripherals to the fore

        Each of the three European ABS/RMBS BWIC lists scheduled for this afternoon contain peripheral names...

      • Slow return for US CLOs

        Many US CLO traders are back at their desks following ABS East but the late start to the week combin...

      • US RMBS stays in range

        Spreads have been range-bound in US RMBS today as the market remains in a post-ABS East and Jewish h...


  • News

    • Structured Finance
      • SCI Start the Week - 29 September

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

        PipelineThe pace of deals joining the pipeline slowed last week. Two new ABS were announced, as well as one RMBS, one CMBS and two CLOs. The ABS were €678m Cars Alliance Auto Loans France V 2014-1 and US$240m MVW Owner Trust 2014-1. The R...


  • Job Swaps

    • Structured Finance
      • PIMCO chief moves on

        PIMCO founder Bill Gross has left the firm to take up a role at Janus Capital Group, where he will j...

      • LCM's London arm acquired

        Guggenheim Securities is set to acquire the London operations of Lazard Capital Markets (LCM), expan...

      • NewOak enlists credit vet

        NewOak has appointed Triet Nguyen as an md in its corporate and municipal credit solutions group. He...

      • New PIMCO leadership named

        PIMCO has named Daniel Ivascyn as group cio, succeeding Bill Gross (SCI 29 September). In addition,...

      • Servicer branches out

        Situs has appointed Tim Keast as executive md, based in the firm's European headquarters in London....

      • Halcyon beefs up in Europe

        Daniele Benatoff and Damien Miller have been appointed co-heads of Halcyon Asset Management (UK). Be...

    • CLOs
      • Manager adds marketing pro

        3i Debt Management has appointed Shane Miller as a marketing director in its New York office. He was...

    • Insurance-linked securities
      • ILS fund to liquidate

        Listed ILS fund DCG IRIS has been put into members' voluntary liquidation, following a shareholder e...

    • Risk Management
      • Sales chief makes step up

        Lombard Risk Management has promoted John Groetch to md for the Americas. He joined the firm earlier...


  • News Round-up

    • Structured Finance
      • CRA RTS adopted

        The European Commission has adopted three regulatory technical standards (RTS) needed to implement k...

    • CDO
      • Final KBC CDOs unwound

        KBC says it has collapsed the two remaining CDOs in its portfolio, freeing up €300m in cap...

    • CDS
      • Tesco CDS hit wides

        Tesco five-year credit default swaps have widened by 37% in the two days following the company's ann...

      • New CDS contracts quoted

        Dealers have begun quoting 2014 senior and subordinate financial CDS contracts. Credit derivatives s...

    • CMBS
      • Grand Mart loss restated

        The September remittance report for the US$14.1m Grand Mart Chicago Portfolio loan - secur...

      • Quelle case resolved

        The High Court in London has issued a judgment against Colliers International (UK) over its negligen...

    • Insurance-linked securities
      • Cat bond rating affirmed

        S&P has affirmed its double-B plus rating on Nakama Re Series 2013-1, after the probability...



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