Weekly Issue Archive »

Issue 661 - 27th September

  • News Analysis

    • Capital Relief Trades

      • STS synthetics framework unveiled

        EBA publishes landmark consultation

        The EBA has published its long-awaited discussion paper on its proposals for an STS framework for synthetic securitisation (SCI 20 September). The discussion paper aims to enhance transparency and further standardise risk transfer trades - although,...

    • Structured Finance

      • Portfolio-based cover opportunities eyed

        New reinsurance platform to harness synthetic ABS overlap opportunities

        BPL Global is to launch a new reinsurance platform and has hired Gregory King-Underwood as director to spearhead the firm’s growth strategy. This is driven by increased demand for portfolio-based risk weighted asset (RWA) solutions from fin...

    • Capital Relief Trades

      • Full-stack SRT boost

        Opel, Sabadell achieve funding and capital relief

        Banco Sabadell and Opel Bank last week priced respectively full stack consumer and auto ABS deals – dubbed Sabadell Consumo 1 and E-CARAT 10 – that achieve both funding and capital relief. The latest deals add to a growing trend o...

  • News

    • ABS

      • Polish debut

        STS ABS gains EIB support

        PKO Leasing has closed Polish Lease Prime 1, the largest-ever Polish securitisation. The PLN2.5bn revolving lease ABS is also the first STS-eligible transaction issued on the Polish market and one of the first STS-eligible operations subscribed to by...

    • Structured Finance

      • SCI Start the Week - 23 September

        A review of securitisation activity over the past seven days

        Transaction of the week Deutsche Bank is marketing a £114m UK CMBS, dubbed Deco 2019-RAM. The transaction mainly comprises a £150m CRE loan backed by Intu Derby, a regional shopping centre in Derby, England, to The Wilmslow, a newl...

    • RMBS

      • First post-crisis MH deal prepped

        Transaction largely backed by legacy securitisation loans

        FirstKey Mortgage is marketing the first securitisation backed by manufactured homes (MH) since the financial crisis (SCI 16 January), with over half the collateral balance comprising contracts secured from collapsed securitisations issued by GreenPo...

  • Market Moves

    • Structured Finance

      • Master trust margins amended

        Sector developments and company hires

        Holmes Master Trust margins amended Moody’s comments that the proposed amendments to the 2017-1 Class A2 and 2018-1 Class A3 notes issued by Holmes Master Trust will not, in and of themselves and at this time, result in a reduction or wit...

      • Ceo appointed

        Sector developments and company hires

        Ceo appointed CAC Specialty has appointed Michael Rice as ceo, bringing more than 25 years of experience in the insurance brokerage industry. Most recently, he served as the founding ceo and executive chairman of JLT Specialty USA. Previously, he s...

      • US CLO firm leadership shake-up

        Sector developments and company hires

        CLO firm makes md appointment MidOcean Partners has hired Natalya Michaels as md, focusing on marketing, investor relations and business development across both the private equity and credit businesses as MidOcean looks to grow the firm and expand...

      • Aussie auto ABS debut prepped

        Sector developments and company hires

        Aussie auto debut prepped The first public term securitisation backed by collateral originated by Mercedes-Benz Financial Services Australia is marketing. The A$580m transaction is to be issued by Perpetual Corporate Trust as trustee of Silver Arro...


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