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Issue 444 - 3rd July

  • SCIWire

    • Secondary markets
      • Euro secondary hesitates

        The European securitisation secondary markets are making a hesitant start following the weekend's ev...

      • US CLOs keep quiet

        The US CLO secondary market is sticking to the pattern seen at the end of last week. With wholesal...

      • Euro secondary stays calm

        Tone continues to be weak across European securitisation secondary, but the market has remained calm...

      • Waiting game for US CLOs

        US CLO secondary market continues to wait for risk aversion to subside and activity to pick up. "T...

      • Euro secondary stable

        The European securitisation secondary market remained stable yesterday amid the varying Greece headl...

      • US CLOs becalmed

        The US CLO BWIC market remains becalmed as the holiday weekend hoves into view. Macro concerns are...

      • US RMBS quiet for now

        The US non-agency RMBS secondary market has had a quiet start to July, but that could change as the...

      • Euro secondary holds up

        European securitisation secondary market spreads are holding up as the wait for the Greek referendum...


  • News

    • Structured Finance
      • SCI Start the Week - 29 June

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

        Pipeline CMBS entrants dominated the pipeline last week, closely followed by ABS transactions, which included a couple of new issuers to the market. In total, five CMBS, four ABS, two RMBS and a CDO were announced. The CMBS comprised US$1.46bn COM...

      • QS recommendations weighed

        The EBA has adequately addressed most of the valid concerns raised by parties interested in the prudentially sound revival of the European securitisation market, according to Bank of America Merrill Lynch research analysts. In its qualifying securiti...

    • CMBS
      • Below-appraisal bids win

        Over US$500m in allocated loan balance from 34 properties securing 13 US CMBS was disposed of last week via Auction.com. The proceeds are anticipated to flow through to the affected trusts in the August or September remittance, likely resulting in la...


  • Job Swaps

    • ABS
      • Rater moves to sell-side

        Brad Sohl has joined Bank of America Merrill Lynch's ABS banking team as vp. He was previously a sen...

    • Structured Finance
      • SF vet appointed

        Oppenheimer has appointed John Tonelli as md and head of debt capital markets and syndication. He br...

      • Risk chief recruited

        Mariner Investment Group has appointed Dmitry Green as chief risk officer, responsible for monitorin...

    • CDO
      • CDO manager replaced

        Vanderbilt Capital Advisors has resigned from its role as collateral manager for Bristol CDO I and d...

    • CLOs
      • CLO partners tapped

        Scott Faga and Eugene Ferrer have joined Paul Hastings as partners from Ashurst, where they were res...

    • Insurance-linked securities
      • Insurance merger agreed

        Willis Group and Towers Watson have signed a definitive merger agreement under which the companies w...

    • Risk Management
      • Post-trade unit bolstered

        ICAP has appointed Jenny Knott as ceo, post-trade risk and information services. She joins the firm...

      • Data services strengthened

        Intercontinental Exchange has made two hires within ICE Data Services. Lynn Martin has been named pr...

    • RMBS
      • Manager charged with fraud

        The US SEC has charged AlphaBridge Capital Management and its two owners with fraudulently inflating...

      • Mortgage duo recruited

        Cantor Fitzgerald has expanded its fixed income team with the appointment of John Altier and Andrew...


  • News Round-up

    • ABS
      • FFELP SLABS under review

        Fitch has placed 57 tranches from 23 US FFELP student loan ABS on rating watch negative, affecting a...

      • Auto ABS gains in LatAm

        Brazil and Mexico have become the two largest markets in Latin America for the automotive industry o...

      • Blade sale affirmed

        The proposed sale of one aircraft engine from the Blade Engine Securitization transaction is unlikel...

    • CLOs
    • CMBS
      • PILOT programme affirmed

        The borrower - an affiliate of Macerich - behind the single-borrower COMM 2013-GAM CMBS has entered...

      • Delinquencies inch higher

        The Trepp US CMBS delinquency rate moved modestly higher in June to 5.45%, up by 5bp for the month....

    • Risk Management
      • CVA consultation underway

        The Basel Committee has issued a consultative paper on its Review of the Credit Valuation Adjustment...

      • ISDA SIMM tender launched

        ISDA has launched a tender process to select a third party to build and operate a crowdsourcing util...

    • RMBS
      • Greek arrears rising

        Greek mortgage arrears have risen during the prolonged negotiations between the country's government...

      • RFC issued on Polish RMBS

        Moody's is seeking feedback on the methodology it is proposing for analysing the credit risk of Poli...



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