Weekly Issue Archive »

Issue 486 - 29th April

  • News Analysis

      • Efficiency drive

        Offshoring, automation shaping new IPV landscape

        Pricing and valuation operations have become an increasingly essential component of investment banks since the financial crisis, particularly within structured credit. However, as banks strive to cut costs and streamline processes, IPV functions are...

    • Structured Finance

      • Accounting factor

        Fair value, MOA lead retention options

        Many US securitisation market participants are becoming bogged down in the numerous accounting considerations associated with the Dodd-Frank risk retention requirements. With less than eight months until the rules come into force, sponsors are weighi...

  • SCIWire

    • Secondary markets

      • Euro secondary steady

        The European securitisation secondary market continues to move steadily ahead. Tone continued to b...

      • US CLOs strengthen

        Tone and activity in the US CLO secondary market continues to strengthen. "The background remains...

      • Euro secondary picks up

        The European securitisation secondary market saw an increase in activity yesterday to go with the im...

  • News

    • Structured Finance

      • SCI Start the Week - 25 April

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

        Pipeline Last week's pipeline additions were concentrated in ABS. There were six new ABS announced, as well as an ILS and a CMBS. The ABS were: €800m Bavarian Sky Compartment German Auto Loans 4; €760.9m Cars Alliance Auto Loan...

      • Liquidity tops investor concerns

        While investor fears over China-related uncertainty have subsided, concerns regarding liquidity and central bank policies have grown, according to Morgan Stanley's latest global securitised products investor quarterly survey. Liquidity is the top con...

    • CLOs

      • Middle ground

        Issuance, investors challenging CLO mid-market

        Issuance within the US CLO market has dampened so far in 2016 as the sector suffers from the reverberations of wider credit market volatility. The CLO mid-market has not been exempt, but many of its issues remain tied to its small investor base. Th...

      • CLO cashflow diversion eyed

        Silver Spring CLO recently became the first post-crisis US CLO to experience full cashflow diversion from the equity. The 2014-vintage Silvermine Capital deal has a triple-C exposure of 15.6% and a 5% triple-C covenant, which is lower than the averag...

  • Job Swaps

    • ABS

      • Start-up adds ABS pro

        Financial technology start-up ZestFinance has appointed Steven Fernald as head of capital markets. H...

    • Risk Management

      • Analytics firm acquired

        Bridgepoint and Summit Partners are set to acquire Calypso Technology. The firm says the acquisition...

  • News Round-up

    • ABS

      • Green Aussie ABS debuts

        FlexiGroup has brought the first ABS to the Australian market to include a green bond tranche. The A...

      • Blade ABS hits rough patch

        Moody's has downgraded Blade Engine Securitization Series 2006-1 due to revised future income expect...

    • Structured Finance

      • Towd debuts WAC cap

        Towd Point Mortgage Funding 2016-Granite 1 is the first European securitisation to place a cap on it...

      • SFI website likely delayed

        ESMA says it has encountered a number of issues in its preparations for developing a website on the...

      • Argentine deals upgraded

        Moody's recent decision to upgrade Argentina's sovereign rating has prompted it to consequently&...

    • CDS

      • Norske credit event called

        ISDA's EMEA Credit Derivatives Determinations Committee has resolved that a restructuring credit eve...

    • CLOs

      • US mid-market mix emerging

        Moody's expects the US mid-market loan sector to increase in variety if the upcoming 2016 to 2020 ma...

      • Sears exposure gauged

        Nine loans with a balance of US$111.9m across nine CMBS have exposure to Sears Holdings Corp's lates...

    • Insurance-linked securities
    • NPLs

      • IMF warns China over NPLs

        The IMF has praised Chinese attempts to tackle its debt problem through new schemes that introduce N...

    • RMBS

      • Rate floor ruling assessed

        A recent Madrid court ruling on interest rate floor clauses within retail mortgages should not pose...

      • UK mortgage tool launches

        Moody's Analytics has launched UK Mortgage Portfolio Analyser (UK-MPA), a tool to assess and manage...


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