Weekly Issue Archive »

Issue 408 - 15th October

  • Market Reports

    • CMBS

      • CMBS supply stays steady

        US CMBS BWIC volume climbed a little yesterday to just over US$320m. CMBS 2.0 and 3.0 double-As widened slightly, with other levels remaining largely unchanged. Vintages on offer ranged from 2002 to 2013. SCI's PriceABS data captured a lot of price...

  • SCIWire

    • Secondary markets

      • Dutch RMBS in for the bid

        After a Dutch RMBS flash BWIC yesterday, the market sees two prime lists today. Yesterday afternoo...

      • CMBS opportunities sought

        US CMBS investors are seeking out fresh secondary market opportunities as the sector's BWIC machine...

      • European CMBS picks up

        Activity in the European CMBS secondary market is picking up albeit from relatively low levels. Wi...

      • 1.0 CLOs hold sway

        Despite the swathe of DNTs on yesterday's BWICs, the US CLO market is up for more today. Four lists...

      • FDIC returns to mezz

        The 11th FDIC Trups CDO BWIC sees the agency return to mezz paper following two less enthusiasticall...

      • Euro CLOs shift up

        The European CLO BWIC pipeline shifts up a gear today with four lists already scheduled. There is a...

      • US CLOs get going

        After a quiet start to the shortened week on-BWIC yesterday, the US CLO auction market gets going to...

  • News

      • SCI Start the Week - 13 October

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

        Pipeline Several deals joined the pipeline last week. These included seven ABS, two RMBS, three CMBS and six CLOs. The ABS were: €500m A-BEST 10, US$1.107bn Ally Auto Receivables Trust 2014-SN2; US$999m CNH Equipment Trust 2014-C; US$552...

    • ABS

      • LCR changes still penalise ABS

        As well as the release of the delegated acts under the Solvency 2 directive, the European Commission (EC) has updated its required liquidity coverage ratio (LCR) and its definition of high quality liquid assets (HQLA). All told, the treatmen...

      • Punch ratings disappoint

        Fitch, Moody's and S&P last week published their new ratings for the restructured Punch A and Punch B whole business securitisations. Barclays Capital European ABS analysts believe that Fitch and S&P's ratings will have disappointed b...

  • Job Swaps

      • CLO partnership agreed

        Credit Value Partners and Macquarie Group have agreed to work together to create a series of CLO fun...

    • CMBS

  • News Round-up

      • Investor expectations rise

        European credit investors expect the ECB's purchase programme to influence both supply and spreads i...

      • Reg AB 2 webinar scheduled

        SCI, in association with Lewtan, is hosting a webinar on the implementation of Regulation AB 2 at 3p...

    • CLOs

      • CLO investment fund listed

        Eagle Point Credit Company has launched an IPO on the NYSE of over 5.15 million shares at a price of...

      • CMBS pay-offs dip

        The percentage of US CMBS loans paying off on their balloon date dipped sharply in September to 53.3...

      • ISDA stay protocol inked

        Eighteen major global banks have agreed to sign a new ISDA Resolution Stay Protocol, which has been...

      • SEF landscape evolving

        Market participants are still evaluating trading on swap execution facilities (SEFs) and how they ma...

      • Settlement threshold eyed

        A letter from JPMorgan made public last week revealed that the number of accepted trusts/loan groups...

      • Lehman reserves revisited

        A group of trustees comprising US Bank, Wilmington, Law Debenture and Deutsche Bank are said to be t...


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