Weekly Issue Archive »

Issue 509 - 7th October

  • News Analysis

      • Plan B

        Contingent NAV strategies readied

        Over a year has passed since BNY Mellon suffered its NAV outage, resulting in almost a week of NAV calculation disruption for hundreds of funds. With increased emphasis on the need for a contingent - or back-up - NAV, funds are pr...

    • Marketplace Lending

      • What's in a name?

        Classification confusion constraining MPL ABS

        Uncertainty over how to define marketplace loans - as securities or whole loans - is restricting securitisation of the assets. However, the US SEC could be considering classifying marketplace loans as securities, signalled by the...

  • SCIWire

    • Secondary markets

      • Euro CLOs slumber

        Activity in the European CLO secondary market has ground to a halt. "Nothing has really happened i...

      • US CLO shift

        Attention has shifted away from the US CLO secondary market. "The market is very quiet right now,"...

      • Euro ABS/MBS picks up

        Activity in the European ABS/MBS secondary market is picking up. "There's a fair bit of primary su...

      • US CLOs patchy

        Volumes have been patchy in the US CLO secondary market this week. "Yesterday there were a decent...

  • News

    • Structured Finance

      • SCI Start the Week - 3 October

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

        PipelineAuto-related ABS dominated the pipeline last week, with a couple of consumer ABS, some RMBS and a CLO also making an appearance. The auto entrants comprised: US$1.025bn AmeriCredit Automobile Receivables Trust 2016-4; US$1bn BMW Vehicle Lease...

      • Seller-financed deal debuts

        Amherst is in the market with its inaugural single-family rental securitisation, dubbed AMSR 2016-SFR1 Trust. The US$489.3m transaction - which is backed by a single floating-rate loan secured by mortgages on 4,262 properties owned by Altis...

    • CLOs

      • Risk retention preparedness polled

        With the US risk retention effective date just under three months away, JPMorgan CLO analysts say they have uncovered some industry progress in their latest CLO client survey, but more is needed. They note that the majority of respondents (71%) agree...

  • Talking Point

    • NPLs

      • Deleveraging opportunity

        Iain Balkwill, partner at Reed Smith, argues that securitisation is the answer to European NPL woes

        The balance sheets of European banks are currently stocked with huge volumes of non-performing loans (NPLs), which have largely festered while the banks have channelled their efforts towards recapitalisation. As recently demonstrated by the European...

  • Job Swaps

    • Structured Finance

      • Highland beefs up

        Highland Capital Management has hired Brad Eden as global head of marketing and investor relations....

      • RE advisory bolstered

        Colliers International Group has acquired ICADE Asset Management and ICADE Conseil (ICADE). The acqu...

      • Credit platform aligned

        AXA Investment Managers has merged its alternative solutions and structured finance teams to create...

      • Asset managers merge

        Henderson Group and Janus Capital Group have agreed to an all-stock merger of equals. The combined c...

      • Trading pro tapped

        Cairn Capital has hired Asif Godall as its new deputy cio. He will report to cio Andrew Jackson and...

      • Data deal sealed

        Intercontinental Exchange has completed its acquisition of the S&P Securities Evalu...

      • Valuations exec recruited

        CBIZ Valuation Group has recruited Karl D'Cunha as md - portfolio valuation. His practice will inclu...

      • ASF adds policy pro

        Robert Gallimore is set to join the Australian Securitisation Forum in the role of policy executive....

    • CLOs

      • CLO expertise added

        Amherst Pierpont Securities has hired Erez Biala as md and head of structured credit trading and ori...

      • CLO shop formed

        Eagle Point Credit Management, GreensLedge Holdings and Sumitomo Mitsui Trust Bank have jointly esta...

    • CMBS

      • REIT names new advisor

        Realty Finance Trust has appointed Benefit Street Partners (BSP) as its new external advisor. The co...

    • Insurance-linked securities

      • ILS pro promoted

        Aon Securities has promoted Danny Bailey to its new head of capital markets. He will be based at the...

      • Firm opens US office

        Leadenhall Capital Partners has set up a US operation, to be led by new hire Brian Weatherholtz. He...

  • News Round-up

      • Auto ABS losses jump

        US prime and subprime auto loan ABS losses continued to increase last month, according to Fitch. The...

      • Cabela's acquisition boost

        Capital One is set to acquire Cabela's credit card operations, including US$5.2bn in receivables and...

      • VALET exposure eyed

        Fitch has affirmed its ratings on and maintained stable outlooks for Volkswagen Auto Loan Enhanced T...

    • Structured Finance

      • SME debt fund closed

        BNP Paribas Investment Partners has completed a €500m final close of its European SME Debt...

      • Positive returns for CLOIE

        The total amount of CLOs paid down in JPMorgan's CLOIE index since the August rebalance through 30 S...

    • CMBS

      • CMBS pay-offs dip

        The percentage of US CMBS loans that paid off on their balloon date in September held steady at 66.9...

      • CMBS liquidations drop

        US CMBS liquidation volume dropped to US$611.4m in September, while overall loss severity rose by 1....

      • NPL offerings auctioned

        Freddie Mac has sold via auction 5,364 deeply delinquent non-performing loans from its mortgage-rela...

    • Risk Management
    • RMBS

      • RBS fined over RMBS

        RBS has been fined US$120m by the state of Connecticut in relation to malpractice in the run-up to t...

      • Bank servicers slim down

        Falling portfolio volumes and improved loan performance is leading to staff cuts at US bank mortgage...


Print this issue Click here to access this issue in print format

×