Weekly Issue Archive »

Issue 558 - 22nd September

  • News Analysis

    • Structured Finance

      • 'Substantial' green ABS volumes eyed

        Vehicle and housing loans have the potential to produce substantial flows of large-scale green ABS transactions over the next five years, according to a new SCI research report produced in conjunction with TMF Group and Ygrene Energy Fund. However, t...

    • RMBS

      • Merger to impact SFR volumes

        Starwood Waypoint Homes and Invitation Homes recently announced plans to merge, creating the largest single-family rental company in the US (SCI 11 August). The firms have also stated their intention to go public, a move that is likely to impact thei...

  • SCIWire

    • Secondary markets

      • Euro secondary returns

        The European securitisation secondary market is beginning to return to life after the summer. Augu...

      • US CLOs unswerving

        The US CLO secondary market is yet to swerve from the path it has been following for a large part of...

  • News

    • ABS

      • Smaller lessors lifting aircraft ABS

        Smaller aircraft lessors have increasingly tapped the ABS market over the last 18 months, with established lessors utilising other funding methods. The resulting shift in issuance is being reflected in securitised aircraft collateral pools, potential...

    • Structured Finance

      • SCI Start the Week - 18 September

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

        Pipeline There was greater variety to last week's pipeline additions, with significantly fewer ABS added. There were four ABS, three RMBS, seven CMBS and four CLOs/CDOs added to the list. US$650.5m Globaldrive Auto Receivables 2017-A, Scandinavian...

    • Capital Relief Trades

      • EBA releases SRT discussion paper

        The EBA has released its significant risk transfer (SRT) discussion paper, the main elements of which were outlined last month (SCI 18 August), and has launched a public consultation on its contents. The banking watchdog wishes to further harmonise t...

      • Risk transfer round-up - 22 September

        A Barclays significant risk transfer deal planned for mid-September has reportedly been delayed until mid-October. The new transaction follows the issuer's recent third Colonnade Global capital relief trade (SCI 8 September). The bank is also said to...

    • CLOs

      • Euro CLO 1.0 losses crystallise

        A new Bank of America Merrill Lynch study tracks the crystallisation of losses across pre-crisis European CLOs, where tranches have not been repaid in full. The analysis finds that around 60 European CLO 1.0 deals have outstanding rated debt tranches...

    • CMBS

      • Toys R Us CMBS exposure gauged

        Toys R Us filed for chapter 11 bankruptcy protection this week. Several US CMBS loans are exposed to the retailer, although no store closures have been announced. The company filed for bankruptcy protection in an attempt to resolve US$400m of debt...

    • Risk Management

      • Margin posting trends surveyed

        Approximately US$1.41trn of collateral was posted for cleared and non-cleared CDS and interest rate swap trades by end-1Q17, according to ISDA's latest margin payments survey. The association's findings highlight significant changes to collateral pra...

  • Job Swaps

    • Structured Finance

      • Job swaps round-up - 22 September

        Analytics DBRS has begun publishing a monthly report that provides loan-level detail for each US auto loan ABS that has issued loan-level reporting to accommodate recent regulations. Dubbed Figures on Automotive Securitization Tapes (FAST), the too...


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