Weekly Issue Archive »

Issue 583 - 23rd March

  • News Analysis

    • ABS
      • Marketplace lending now 'mainstream'

        The US consumer economy’s long recovery has now become well established and access to credit has developed markedly over the last few years. Marketplace lending ABS has become similarly well established in this environment and is set to con...

    • Structured Finance
      • Increase in liquidity 'hard to measure'

        Liquidity in structured products is difficult to quantify, and perhaps even to define. Whichever way it is measured, traders agree that it has increased and predict that over the course of 2018 spreads are going to continue their long tightening tren...

    • Capital Relief Trades
      • Grappling with uncertainty

        Capital relief trade issuers are incorporating structural features highlighted in the EBA’s risk transfer discussion paper in an effort to gain some regulatory certainty in the absence of any guidance. Ch...

    • ABS
      • Non-traditional ABS growth to continue

        There was record ABS issuance in 2017, with the most since the crisis. Non-traditional ABS accounted for around US$27bn, with whole business securitisation issuance reaching a record-breaking US$7.4bn, while aircraft ABS came back strongly after a qu...


  • News

    • ABS
      • Greek lease ABS prepped

        Hertz franchisee Autohellas is in the market with AutoWheel Securitisation, an ABS backed by operational auto leases extended to Greek corporates and SMEs. The €101.5m transaction is the first non-bank leasing securitisation to be executed i...

    • Structured Finance
      • Stress scenarios disclosed

        The Bank of England has announced that the 2018 stress test scenario for the major UK banks will be the same as that used in 2017, rendering it more severe than the global financial crisis. The scenario will assess the impact of IFRS 9 on the stress...

      • SCI Start the Week - 19 March

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

        Pipeline There was a somewhat more measured pace of pipeline additions last week. The final count consisted of eight ABS, a CLO, two CMBS and three RMBS. The ABS were: US$753.59m Daimler Trucks Retail Trust 2018-1; US$200m GMF Floorplan Owner Rev...

      • Market moves - 23 March

        CDS clearing developments Intercontinental Exchange has transitioned index CDS open interest from CME Group to ICE Clear Credit, follows CME Group’s decision to exit the CDS business and transfer client positions to an alternative cleari...

    • Capital Relief Trades
      • Risk transfer round-up - 23 March

        Credit Suisse is believed to have priced a capital relief trade referencing a loan book originated in Switzerland. The deal was allegedly 3x subscribed, with guidance at 7.625% but printing at 7%. Separately, arrangers note an increase in requests...

    • CMBS
      • Finnish CMBS debuts RFN feature

        Finnish real estate firm Sponda – which was acquired by Blackstone in June 2017 – is in the market with an innovative CMBS. The €540.87m securitisation includes a new structural feature in the form of reserve fund notes (...



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