Weekly Issue Archive »

Issue 478 - 4th March

  • News Analysis

    • Capital Relief Trades

      • Risky business?

        Risk-sharing deal opportunities grow

        Capital relief trade opportunities are increasing as more jurisdictions open up. However, with this expansion comes increasing calls for market standardisation. Bradley Golding, md at Christofferson Robb & Co, notes that his firm is driven...

  • SCIWire

    • Secondary markets

      • Euro secondary flurry

        The European securitisation secondary market saw a flurry of activity on Friday. After declining v...

      • Euro secondary positive

        The European securitisation secondary market continues to stay positive in line with sentiment in wi...

      • Euro secondary improves

        The European securitisation secondary market continues to improve as broader markets remain stable. ...

      • Euro secondary slows

        This week's recovery in the European securitisation secondary market slowed yesterday. Despite inc...

      • Euro CLOs limited

        The European CLO secondary market remains hampered by a lack of activity. "There's nothing really...

  • News

    • Structured Finance

      • SCI Start the Week - 29 February

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

        Pipeline The number of ABS deals joining the pipeline slowed last week. The distribution across sectors was the most even it has been this year, with three new ABS, two ILS, one RMBS, four CMBS and a CLO. A$350m CNH Industrial Capital Australia Re...

    • CLOs

      • Interest diversion cushions assessed

        Jamestown CLO IV is thought to have become the first post-crisis US CLO to fail its interest diversion (ID) test - by 32bp. Wells Fargo figures show that 12 post-crisis US CLOs now have less than 100bp of ID cushion, seven of which are from the 2014...

    • CMBS

      • First CMBS 2.0 loan sees loss

        February US CMBS 2.0 remittances show that 15 loans totalling US$103m became newly delinquent during the month, while eight loans totalling US$104m transferred to special servicing and 189 totalling US$3bn were watchlisted. A 2011-vintage loan became...

    • Insurance-linked securities

      • UK ILS consultation opens

        HM Treasury has opened a consultation on its proposal for a new regulatory and tax framework for ILS in the UK. The proposal covers a range of issues, including the necessity for a Solvency 2-equivalent framework and the authorisation of ins...

    • RMBS

      • Foreclosure precedent set

        A recent ruling by the California Supreme Court affirming the right of mortgage borrowers to continue challenging foreclosures years after a securitisation has closed will be credit negative for pre-crisis RMBS, says Moody's in its latest Cr...

  • Talking Point

    • Structured Finance

      • P2P cut-back

        Market consolidation dominates discussion

        As marketplace lending continues to rapidly evolve in Europe, the fate of small lenders is an emerging theme. SCI's inaugural Marketplace, Direct Lending & Securitisation Seminar in London last month featured a diverse set of views on how con...

  • Job Swaps

    • Structured Finance

      • Apollo merger questioned

        Apollo Commercial Real Estate Finance (ARI) is set to buy Apollo Residential Mortgage (AMTG) for a c...

    • RMBS

      • UBS settlement welcomed

        The president and ceo of the National Association of Federal Credit Unions (NAFCU), Dan Berger, has...

  • News Round-up

      • PREPA extensions granted

        PREPA has granted a number of extended deadlines surrounding its debt restructuring deal, including...

    • Structured Finance

      • Calm advised over Madden

        Brian Korn of Manatt Phelps & Phillips has suggested that the marketplace lending industry h...

      • SFR rent trends examined

        Property managers in single-family rental securitisations appear to have been steadily driving rents...

      • Mid-market fund closes

        EFA Group has made its first close of an asset-based direct lending vehicle that provides structured...

      • Pure APAC CLO prepped

        SC Lowy and UOB Asset Management are together launching the first fully Asia Pacific-backed, activel...

    • Insurance-linked securities

      • Malta gets first RSPV

        USA Risk launched the first reinsurance SPV in Malta last week as the jurisdiction seeks its debut I...

      • SA-CCR tool launched

        Misys has brought a new tool to the market that seeks to help banks comply with th...

      • Optimisation tool launched

        Numerix has launched what it describes as a unified XVA pricing, counterparty credit risk management...

      • Fannie NPL pool purchased

        New Jersey Community Capital (NJCC) is the winning bidder for Fannie Mae's second community impact p...


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