Weekly Issue Archive »

Issue 462 - 6th November

  • News Analysis

    • ABS

      • Cautious acceptance

        UK marketplace securitisation perspectives assessed

        Funding Circle is tipped to become the first marketplace lender to securitise in the UK, paving the way for other platforms to tap the market. Investors appear to view the development with caution, however. The launch in September of Funding Circle...

    • RMBS

      • Grey area

        Granite casting shadow on European sentiment

        UKAR's sale of the Granite portfolio remains the hot topic in the European RMBS market, with uncertainty over its resolution affecting sentiment. Resecuritisation is a viable option for the eventual buyer, but how much paper will remain in the market...

  • SCIWire

    • Secondary markets

      • Euro secondary rolls on

        The bulk of the European securitisation secondary market took month end in its stride and continues...

      • Euro secondary refocuses

        After a couple of quiet sessions the European securitisation secondary market looks set to refocus i...

      • US CLOs stay light

        Volumes are still low in the US CLO secondary market, but there are patches of activity and also som...

      • Euro secondary strengthens

        The positive tone in the European securitisation secondary market continues to build. "Overall, we...

      • SLABS tiering switch

        Tiering in the US student loan ABS secondary market continues to be a major issue. "Tiering betwee...

      • Euro secondary improves

        Yesterday saw further improvement in the European securitisation secondary market, but it is still y...

      • US RMBS distracted

        Macro concerns are distracting the US non-agency RMBS secondary market. "The market has been fairl...

      • Euro secondary firms up

        Tone in the European securitisation secondary market continues to firm up. Despite the large numbe...

  • News

    • Structured Finance

      • SCI Start the Week - 2 November

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

        Pipeline The number of deals joining the pipeline and staying there grew again last week. In total there were eight new ABS, one ILS, three RMBS, one CMBS and two CLOs. The ABS were: US$1bn AmeriCredit Automobile Receivables Trust 2015-4; US$650m...

      • Regulation threatens market viability

        Banks' market making ability in securitised products is set to be severely affected by the Basel Committee's proposed Fundamental Review of the Trading Book (FRTB). JPMorgan ABS analysts have joined a growing chorus (SCI 15 June) in warning that FRTB...

  • Job Swaps

    • Structured Finance
    • CLOs

      • CLO specialist poached

        Golub Capital has hired Joseph Wilson as md to expand the firm's existing distribution capa...

      • CLO manager acquired

        Conning has agreed to acquire CLO and high yield bond specialist Octagon Credit Investors, taking ov...

    • CMBS

      • Automated lender launches

        Aries Capital has launched an automated mortgage banking platform that specialises in non-recourse,...

    • RMBS

      • MERS settlement agreed

        Bank of America has agreed to pay US$335m to settle a lawsuit, in which it allegedly misled sharehol...

  • News Round-up

    • ABS

      • ABS benchmark offered

        JPMorgan has launched an ABS index that it describes as a comprehensive benchmark, which captures 70...

      • Marketplace ABS compared

        Peer IQ has launched a marketplace lending securitisation tracker, with the aim of improving transpa...

      • PILOT deal pulled

        Fitch has withdrawn its expected ratings for the Porsche Innovative Lease Owner Trust 2015-2 deal. T...

      • PREPA agreement formalised

        The Puerto Rico Electric Power Authority (PREPA) has entered into a restructuring support agreement...

    • CDO

      • CLO-driven offering closes

        CIFC Asset Management has closed an offering of US$40m in aggregate principal of unsecured senior no...

      • Volcker compliance sought

        Separate meetings of St Paul's CLO IV noteholders have been convened for 26 November to consider and...

    • CMBS

      • CMBS criteria updated

        Moody's has updated its methodology for rating multi-borrower large loan and single-asset/single-bor...

      • CMBS defaults dip

        Fitch's US CMBS cumulative loan default rate for fixed-rate CMBS fell slightly to 13.2%, as of 3Q15,...

    • Insurance-linked securities
    • Risk Management

      • Utility benefits polled

        Financial Markets Consulting has polled market participants on the inefficiencies that continue to c...

    • RMBS

      • AOFM auctions put on hold

        The AOFM has cancelled its previously planned RMBS auctions for November and December. The decision&...


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