Weekly Issue Archive »

Issue 511 - 21st October

  • News Analysis

      • Liquidity review

        Fund valuation considerations highlighted

        The use of liquidity data in determining asset values is subject to increasing industry analysis and the US SEC's finalisation of its liquidity risk management rules will likely focus attention on this topic further. But uncertainties remain surround...

  • SCIWire

      • US CLOs stay firm

        The US CLO secondary market is staying firm despite strong primary activity. "The market is holdin...

      • Euro secondary unmoved

        The European securitisation secondary market remains unmoved by continuing strong new issue volumes....

      • US CLO supply spike

        There is a spike in supply in the US CLO secondary market today. "It's a busy day today with a few...

  • News

    • Structured Finance

      • SCI Start the Week - 17 October

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

        Pipeline The long list of additions to the pipeline last week was once more driven by auto ABS. There were 18 ABS additions - more than half of them autos - as well as five RMBS, four CMBS and two CLOs. The ABS were: US$271.5m...

      • China tests 'may lie ahead'

        While China's slowing economic growth has coincided with a slowdown in CLO activity in the country, other Chinese securitisation sectors have grown rapidly this year. However, despite strong issuance and no significant performance deterioration, S&am...

    • CLOs

      • Refinancing activity accelerates

        US CLO refinancing volume has shot up this month, impacting 14 deals for a total value of US$6.2bn so far, versus US$3.7bn seen during the whole of September. The increase in activity has created a clear term structure at the triple-A level. Deutsc...

    • CMBS

      • New standard to drive transparency?

        A new Mortgage Industry Standards Maintenance Organization (MISMO) XML commercial rent roll standard is due to be released by the end of the month. As the CMBS industry grapples with the Dodd-Frank Act and transparency issues, some believe that inclu...

  • The Structured Credit Interview

    • Structured Finance

      • Structuring alpha

        Robert Allard, founding partner and ceo at Firebreak Capital, answers SCI's questions

        Q: How did Firebreak Capital become involved in the securitisation market? A: Firebreak Capital is categorised as a private debt fund, but this means different things to different people. Our background is in structured products (including securitis...

  • Job Swaps

    • Structured Finance
    • Insurance-linked securities

      • Arcus makes first addition

        Lloyd's of London syndicate Arcus Syndicate 1856, which is fully capitalised with funds managed by t...

    • Risk Management

      • Solutions chief named

        The DTCC has promoted Timothy Keady to md of DTCC solutions and sales & solution delivery. H...

  • News Round-up

      • Model error disclosed

        Fitch has disclosed that interest payments to the class E and F notes of SCF Rahoituspalvelut I (Kim...

    • Structured Finance

      • Enhanced CMO reporting due

        FINRA is set to implement changes to TRACE trade reporting and dissemination for CMO securities on 2...

      • BDC performance picks up

        With the exception of the oil and gas sector, US middle market performance continues to improve and...

    • CDO

      • Trups CDO cures reported

        The number of US bank Trups CDO combined defaults and deferrals declined to 14.8% at end-September f...

    • CMBS

      • Credit metrics improving

        S&P reports that credit metrics for conduit/fusion CMBS pools improved in several areas duri...

    • Risk Management

      • Analytics service enhanced

        MSCI has rolled out what it describes as substantial updates to its fixed income risk model suite, i...

      • Clearing fees highlighted

        ISDA has conducted an analysis of publicly available data on clearing and surveyed both EU and US sm...

      • SFIG files CRT opinions

        SFIG has responded to the FHFA's request for information on Fannie Mae and Freddie Mac's credit risk...


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