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Issue 463 - 13th November

  • SCIWire

    • Secondary markets

      • Euro secondary quiet

        The European securitisation secondary market closed last week quietly and looks set to start today i...

      • US CLOs ticking along

        The US CLO secondary market activity looks set to continue to follow its recent pattern. "It was a...

      • US CLOs challenged

        The US CLO secondary market continues to face challenges. "There's not much going on in secondary...

      • Euro secondary stabilises

        The European securitisation secondary market continues to stabilise. Yesterday saw another stable...

      • Euro secondary slow

        As expected, yesterday was a slow day in the European securitisation secondary market and today has...

      • US RMBS eases

        Volumes and market sentiment are easing in the US non-agency RMBS secondary market as the week progr...

      • Euro ABS/MBS holds up

        Spreads are holding up in the European ABS/MBS secondary market despite broader market weakness. R...

      • Euro CLOs stymied

        New issue activity is pulling focus away from the European CLO secondary market. "There's not much...

  • News

    • Structured Finance

      • SCI Start the Week - 9 November

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

        Pipeline The pipeline continued to grow last week as a raft of new deals were announced. In total there were seven ABS additions as well as six RMBS, four CMBS and four CLOs. The ABS were: Bilkreddit 7; US$106.1m BlueVirgo 2015-1 Trust; US$788.54m...

      • Divergent HQS approach highlighted

        The Basel Committee yesterday released a consultative document on capital treatment for 'simple, transparent and comparable' (STC) securitisations, which builds on the criteria issued in July (SCI 23 July). However, given the European Commission's re...

    • CMBS

      • CMBS borrower bunching considered

        Blackstone is the ultimate borrower for a full third of floating rate European CMBS issuance from 2014 and 2015. When adding the second-largest borrower - IVG - concentration increases to 50%. The third-largest borrower is the c...

    • Insurance-linked securities

      • PCC unveiled for ILS push

        The Government of Gibraltar has announced legislation that provides a new form of protective cell company (PCC), designed specifically for ILS. The new PCC regime will be regulated under Gibraltar's Insurance Companies (SPV) Regulations 2009. "When...

  • Job Swaps

    • Structured Finance

      • FinTech partner named

        MNKS has appointed Basile Fémelat as partner, with a specific focus on finance, private equ...

      • Direct lender beefs up

        Comvest has recruited Colleen Gurda as vp, responsible for originating, structuring and managing inv...

      • DMS names SF chief

        DMS Offshore Investment Services has appointed Murray McGregor as global head of structured finance....

    • CLOs

      • AIMCO equity acquired

        Fair Oaks Income Fund has entered into binding contracts to acquire, in the primary market, US$25m n...

    • Insurance-linked securities

  • News Round-up

      • New FFELP plan evaluated

        The US Department of Education's latest student debt repayment plan could raise prepayment rates for...

      • CLO credit quality drops

        In contrast to their European counterparts, the credit quality of US CLOs slipped during 3Q15, says...

    • CMBS

      • CRE momentum continues

        Positive momentum continued in all US CRE sectors in 3Q15, says Moody's. Though GDP growth will be c...

      • CMBS payoff rate climbs

        October's payoff rate for loans backing US CMBS rose from 84.3% in September to 86% in October, acco...

      • CMBS pay-offs spike

        The percentage of US CMBS loans paying off on their balloon date jumped sharply last month, posting...

      • CBD price push continues

        Central business district (CBD) office continues to be the best-performing segment of Moody's/RCA Co...

    • Insurance-linked securities
    • Risk Management

      • Stay protocol relaunches

        ISDA has relaunched its Resolution Stay Protocol to cover securities financing transactions...

      • Blockchain usage examined

        A new GreySpark Partners report examines how a number of investment banks and exchanges are experime...

      • Pricing source to expand

        Barclays is set to incorporate third-party pool-level prices into the pricing for MBS index generics...


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