Weekly Issue Archive »

Issue 429 - 20th March

  • News Analysis

    • CDS

      • Rolling the dice

        Corporate bond reinvented?

        A new financial innovation is causing a buzz in the credit derivatives markets by isolating credit risk while providing high returns. The ebond, short for enhanced bond, seeks to achieve this by embedding a cleared CDS into a corporate bond to produc...

  • SCIWire

    • Secondary markets

      • Gentle start for US CLOs

        The US CLO secondary market is off to a gentle start this week. After last week's sustained strong...

      • US CLO rally keeps rolling

        Despite a robust primary market and a pick-up in secondary activity from with eight BWICs circulatin...

      • US CMBS holds firm

        The US non-agency CMBS secondary market is holding firm ahead of today's Federal Reserve statement. ...

      • Euro secondary cools

        After a busy week the European secondary securitisation markets saw a quieter day yesterday and toda...

      • US CLOs quieten further

        US CLO secondary market activity is easing further today after a distracting week. "It's been a mo...

  • News

    • ABS

      • SLABS forbearance eyed

        The Obama Administration last week released a Presidential Memorandum directing the US Department of Education and other federal agencies to do more to help borrowers with their student loan repayments. Structured product strategists at Wells Fargo s...

    • Structured Finance

      • SCI Start the Week - 16 March

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

        Pipeline The pipeline saw a mix of new entrants last week. Of the newly-announced deals, six ABS, four CMBS, three RMBS and two ILS remained by Friday. The ABS entrants comprised three auto transactions - US$1.61bn Ford Credit Auto Owner...

  • Job Swaps

      • MBO for fund services unit

        TMF Custom House management is set to buy back the majority of TMF Group's holdings in the Custom Ho...

      • Energy firm names SF head

        Brad Sterley has joined Terraform Global as head of structured finance. He arrives from Standard Cha...

    • CLOs

      • CLO purchasing powered

        Volta Finance has entered into a US$30m repurchase agreement with SG, under which the company has th...

  • News Round-up

      • Fee cap impact anticipated

        The European Parliament last week voted to cap interchange fees in credit and debit card transaction...

      • French ABS 'resilient'

        Fitch says that French ABS transactions have shown strong resilience, despite a weak economic enviro...

    • CDS

      • CDS trade counts jump

        The average daily trade counts and notional volume in CDS increased during 2014, according to ISDA....

    • CLOs

      • Mezz CLO fund launched

        AXA Investment Managers has launched a short maturity CLO opportunity fund. The fund aims to offer i...

      • CLO index expands

        JPMorgan has introduced a post-crisis single-B series to its CLOIE index. The bank estimates that th...

    • CMBS

      • CMBS delinquencies edge up

        US CMBS delinquencies increased by 5bp in February to 4.77% from 4.72% a month earlier, according to...

      • Balloon date pay-offs dip

        The percentage of US CMBS loans paying off on their balloon date fell in February, after a sharp ris...

    • Insurance-linked securities

      • ILS gets Budget boost

        In its 2015 Budget, the UK government announced that it will work with the industry and regulators t...

    • Risk Management

      • Margin framework revised

        The Basel Committee and IOSCO have released revisions to the framework for margin requirements for n...

    • RMBS

      • IOS convexity examined

        Markit has launched two new IOS indices, referencing FN pools issued in 2014 for the 3.5 and 4 coupo...

      • ResCap distribution due

        The ResCap liquidating trust is set to distribute US$2 per unit to unit holders on 31 March. Covered...

      • RFC on Israeli RMBS

        Moody's is seeking comments on its proposals for analysing the credit risk of Israeli RMBS transacti...


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