Weekly Issue Archive »

Issue 624 - 11th January

  • News Analysis

    • Capital Relief Trades

      • Risk-sharing boost

        Cajamar SRT sets tone for standardised banks

        BCC Grupo Cajamar has completed a €972.1m Spanish true sale significant risk transfer transaction with the EIF, ICO and hedge fund investors. Dubbed IM BCC Capital 1, the transaction is the first cash SRT issued by a standardised bank and th...

      • Mezz opportunity

        Insurer interest in risk transfer on the rise

        The facility recently inked by Texel Finance and Liberty Specialty Markets (SCI 9 November 2018) signals an increasing interest among insurers in providing meaningful risk transfer solutions for structured finance opportunities. One key area being ta...

      • Credit events synchronised

        BBVA completes innovative IFRS 9 hedge

        BBVA has completed an innovative transaction that synchronises credit events with IFRS 9 lifetime expected loss provisions, while also being the first synthetic securitisation to incorporate blockchain technology (SCI 21 December 2018). Dubbed Vela C...

  • News

    • Structured Finance

      • SCI Start the Week - 7 January

        A review of securitisation activity over the past seven days

        Transaction of the week Santander has launched an unusual synthetic securitisation of auto loans, dubbed Santander Consumer Spain Synthetic Auto 2018-1. The transaction comprises a €60.6m twelve-year CLN that references a €1.01b...

    • Capital Relief Trades

      • Risk transfer round-up - 11 January

        CRT sector developments and deal news

        The fourth quarter of 2018 saw a slew of risk transfer deals typical of year-end issuance (SCI 21 December 2018). Among the deals that are believed to have been completed last month are two corporate trades from BNP Paribas. One is understood to be a...

  • Market Moves

    • Structured Finance

      • Freddie Mac launches debut reinsurance deal

        Company hires and sector developments

        Acquisitions doBank has acquired 85% of NPL servicer Altamira Asset Management from entities affiliated with funds managed by Apollo Global Management, Canada Pension Plan Investment Board and Abu Dhabi Investment Authority, following a competitive...

      • UK tax partner pinched

        Sector developments and company hires

        UK Hunton Andrews Kurth has recruited David Klass as a partner in its London office. Klass brings more than 15 years of experience advising on a wide range of tax issues and transactions, particularly those with an international element. Among the...

      • US firms see flurry of hires

        Sector developments and company hires

        US Bay Crest Partners has bolstered its fixed income business with a trio of senior hires: Tadeusz (Ted) Jachowicz, Jatin Dewanwala and Greg Hackett. Jachowicz and Dewanwala previously ran Metacapital Management's structured credit effort,...

      • Solar equity ABS launched

        Sector developments and company hires

        Acquisitions American Mortgage Consultants (AMC) has acquired Meridian Asset Services, (Meridian), joining two of the premier service providers in the residential secondary mortgage market. The transaction will unite Meridian’s leading co...


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