Weekly Issue Archive »

Issue 789 - 14th April

  • News Analysis

    • ABS

      • Perfect storm

        Cat bond market set for exponential growth?

        With the climate threat menacing ever more, is the catastrophe bond market set to see exponential growth? This Premium Content article investigates. This year, the catastrophe bond sector reached a landmark anniversary, marking 25 years since its i...

    • Capital Relief Trades

      • SRT hedge eyed

        Index tranches mulled as synthetic ABS hedge

        Investors have been concerned about negative convexity in credit markets as ultra-low spreads and inflationary pressures renders positive convexity in strategies necessary. Index tranches and particularly the equity pieces of these structures can off...

    • RMBS

      • Landmark ruling

        HEAT decision "watershed" for RMBS litigation

        The New York Court of Appeals last month issued a landmark ruling in a case involving US Bank National Association versus DLJ Mortgage Capital, relating to the Home Equity Asset Trust (HEAT) 2007-1 transaction. The precedent-setting decision has rami...

    • Asset-Backed Finance

      • Finding funding

        European solar ABS tipped for acceleration

        Securitisation could play a vital role in funding the European energy transition, with households likely to bear the brunt of the switch to renewable energy. As the Ukraine conflict continues to raise concerns over Russian energy dependency across Eu...

  • News

    • ABS

      • Hellenic ABS inked

        Project Starlight package transaction agreed

        Hellenic Bank has agreed a package transaction involving the securitisation of the Starlight Portfolio – which comprises circa €1.32bn of non-performing exposures - and the sale of its servicing platform, APS Debt Servicer, to Oxal...

      • Dutch courage

        European ABS/MBS market update

        The European and UK ABS/MBS markets are looking to take full advantage of a recent surge in activity. This week, with a number of deals due to price, the market will try to maintain its strong momentum into the Easter break. After feeling the full...

    • Structured Finance

      • SCI Start the Week - 11 April

        A review of SCI's latest content

        Last week's news and analysis Covid-19: The effects on the securitisation sector TJ Durkin, head of structured credit at Angelo Gordon explores the immediate and longer-term Dual shocks Securitisation well positioned to withstand head...

    • Capital Relief Trades

      • Large Algonquin

        BMO prices first Algonquin SRT since 2020

        Bank of Montreal has priced and settled Algonquin 2022-1, its first deal off this platform since January 2020, say sources close to the deal. The five tranche SRT trade references a $7.5bn portfolio of mid-sized Canadian and US corporate l...

      • Risk transfer round up-11 April

        CRT sector developments and deal news

        Intesa Sanpaolo is believed to be readying a synthetic securitisation that is backed by residential mortgages. The Italian lender’s last synthetic RMBS was finalized in September 2021 (see SCI’s capital relief trades database). ...

  • Market Moves

    • Structured Finance

      • PCMA appoints new MD

        Sector developments and company hires

        PCMA welcomes Thien Nguyen to its senior leadership and investment team as the firm bolsters its expertise in super prime, private client credit. Nguyen will focus on establishing new and managing existing investment strategies and capital market sol...

      • Amended risk retention RTS published

        Sector developments and company hires

        Amended risk retention RTS published The EBA has published its final draft regulatory technical standards (RTS) specifying the requirements for originators, sponsors and original lenders related to risk retention, as laid down in the Securitisation...


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