Weekly Issue Archive »

Issue 508 - 30th September

  • News Analysis

    • Structured Finance

      • Treasure hunt

        Investors seek other assets as UK RMBS shrinks

        The UK RMBS universe is set to shrink throughout 2016, exacerbated by limited supply and the redemption of the €4.4bn Aire Valley master trust. Against this backdrop, other sectors could benefit from excess investor cash. Paragon Group, f...

    • ABS

      • Top marks

        SLABS extension success exceeds expectations

        The final maturity dates on nine FFELP student loan ABS deals were extended earlier this month (SCI 14 September), as the industry continues to get to grips with the recent maturity crisis. Nelnet was able to extend all nine of the trusts that it sou...

  • SCIWire

    • Secondary markets

      • US CLOs limited

        The US CLO secondary market is yet to experience the usual post-conference volume boom. "Everyone'...

      • Euro ABS/MBS keeps steady

        It continues to be a steady week in the European ABS/MBS secondary market. The run in to month end...

      • US CLO status quo

        The US CLO secondary market is currently little moved by events surrounding it. "Overall, these ar...

  • News

    • Structured Finance

      • SCI Start the Week - 26 September

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

        Pipeline Pipeline activity seemed elevated again last week. There were eight new ABS added, along with six RMBS, a CMBS and four CLOs. The ABS were: €355.2m Cars Alliance Loans France Master Series 2016-09; US$439m DT Auto Owner Trust...

    • RMBS

      • STACR liquidity boost

        Fitch recently assigned ratings to seven previously unrated notes from seven Freddie Mac STACR RMBS issued between 2013 and 2014, after its similar action last month in respect of seasoned CAS transactions (SCI 31 August). The market is expected to r...

  • Provider Profile

      • Liquidity focus

        Frank Dos Santos, head of North America business strategy for fixed income pricing at IHS Markit, an...

        Q: How and when did your firm become involved in the pricing and valuations business? How has the service evolved in recent years? A: Markit was founded in 2002 as a pricing service for CDS. From there, the service expanded to include bank loans. ...

  • Job Swaps

    • Structured Finance

      • Real estate team poached

        Sidley Austin has added a trio of partners to its real estate practice in New York. Steven Koppel, A...

    • Insurance-linked securities

      • ILS duo recruited

        AXA Investment Managers has hired Marc Belbenoit-Avich and Robin Chiche to its ILS team. Belbenoit-A...

    • Risk Management

      • ICE replacement named

        Hester Serafini, currently coo of ICE Clear US, is set to replace Thomas Hammond as president when h...

    • RMBS

      • Ex-RMBS trader suspended

        The US SEC has instituted public administrative and cease-and-desist proceedings against Nicholas Bo...

      • NCUA suits resolved

        RBS has reached a final settlement with the NCUA to resolve two outstanding civil lawsuits for US$1....

  • News Round-up

      • RFC issued on tobacco ABS

        Moody's has issued a request for comment on proposed changes to its rating methodology for tobacco s...

      • Reporting service launched

        Moody's Analytics has launched Regulatory Reporter, a web-based tool designed to enable auto loan an...

      • Monthly CMBS payoffs down

        While payoff rates for CMBS are up for August to 71.3%, from 62.7% in July, they remain below 72% fo...

    • NPLs

      • Chinese NPL trio prepped

        Three Chinese issuers are in the market with NPL securitisations (see SCI pipeline). One of them &am...

      • Documentation tool offered

        Thomson Reuters and Clifford Chance have paired up to help financial institutions tackle in an effic...

    • RMBS

      • Indian MBS PTCs surge

        The surge in securitisation activity in India last year has continued into 1Q16, boosted by renewed...

      • Flow-basis deal debuts

        Freddie Mac is rolling out a new front-end credit risk transfer offering dubbed Freddie Mac Deep MI...


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