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Issue 496 - 8th July

  • News Analysis

    • Structured Finance
      • Big appetite

        ABS investors hungry for more deals

        While political developments on the other side of the Atlantic may have increased risk, US ABS still provides ample opportunities to invest. Gross ABS issuance is up to almost US$90bn for the year so far, as investor demand remains high. ABS spread...


  • News

    • Structured Finance
      • SCI Start the Week - 4 July

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

        Pipeline Additions to the pipeline were limited once again last week, although two large Chinese deals added variety. The week's three ABS were CNY3bn Driver China Four Trust, US$340.5m Engenium Capital Equipment Dollar Trust and US$1.169bn Verizon...

    • CLOs
      • Manager options outlined

        If Brexit concludes with the UK outside of the EU passporting regime, UK entities may be limited in acting as managers of and risk-retention holders for European CLOs (SCI 30 June). An informal survey of presale documents undertaken by Wells Fargo st...

    • CMBS
      • Risk retention expectations surveyed

        Just over half (51%) of the respondents polled in Morgan Stanley's latest US CRE survey believe the market will pay up for risk retention-compliant CMBS deals. Opinions varied about anticipated quality differences in transactions retained by banks ve...


  • Job Swaps

    • Structured Finance
      • JQH loan transferred

        The US$44.95m Chateau on the Lake loan securitised in Wells Fargo Commercial Mortgage Trust 2015-C26...


  • News Round-up

      • Italy SME weakening noted

        The Italian ABS SME securitisation market is being increasingly dominated by originators with both l...

      • Florida NPLs sold

        Freddie Mac is continuing its bulk offloading of NPLs, with its latest auction seeing it sell a comb...

    • CLOs
      • CLO pay-downs drop

        The number of CLOs paid down in JPMorgan's CLO index (CLOIE) since the May rebalance through 30 June...

      • CBD prices bounce back

        The Moody's/RCA Commercial Property Price Indices (CPPI) national all-property composite index incre...

      • BBC-linked CMBS downgraded

        Fitch has downgraded the class A notes of Juturna (European Loan Conduit No. 16) and Pacific Quay Fi...

    • Insurance-linked securities
      • Cat bond activity dips

        Insurers and reinsurers' overall cat bond sponsorship approached US$3bn for the first half of this y...

    • Risk Management
      • Derivatives notionals up

        Trading revenue of US commercial banks and savings associations rose to US$5.8bn in 1Q16, from US$4....



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