Weekly Issue Archive »

Issue 805 - 5th August

  • News Analysis

    • Capital Relief Trades

      • SRT boost

        SRTs thrive as focus shifts to loan-by-loan analysis

        Significant risk transfer transactions have been thriving relative to other securitisation asset classes since they can be customized for an environment of higher inflation and interest rates. Moreover, SRTs are backed by high quality core lending bo...

      • Downward trend

        iTraxx passes peak and heads downwards

        The Markit itraxx Europe Index has now passed a mid-July peak following rising levels throughout the year. The latter has coincided with a rally in European corporate credit but uncertainties for the remainder of the year persist. The Markit itraxx...

  • News

    • Structured Finance

      • SCI Start the Week - 1 August

        A review of SCI's latest content

        Call for MM CLO Awards Submissions The submissions period has opened for the 2022 SCI Middle Market CLO Awards – covering US Middle Market CLOs issued in the 12 months to 30 September 2022. Nominations should be received by 20 September. W...

    • Capital Relief Trades

      • Risk transfer round up-1 August

        CRT sector developments and deal news

        BCP is believed to be rebooting a synthetic securitisation of polish corporate and SME loans that the lender was expected to close earlier this year. The transaction is now expected to launch in 2H22. The deal would be riding a pick up in Polish sign...

      • Freddie charts fresh waters

        Inaugural June ACIS trade, dubbed AFH1, tackles loan warehouse capital charge

        The innovatory AFH ACIS reinsurance transaction, unveiled by Freddie Mac in June and designed to reduce capital charges for loan warehouse exposure, has a bright future, says Jeff Shue, senior director,  single-family credit risk tr...

      • Asset rich WAB loves CRT

        Fast-growing Western Alliance Bank at forefront of US CRT

        Prodigious asset growth in the last five years has propelled Western Alliance Bank (WAB) into a prominent position in the US CRT market, and though it is not actively shopping a deal at the moment the mechanism is now an established feature of its ca...

      • Risk transfer round up-5 August

        CRT sector developments and deal news

        Goldman Sachs is believed to be planning a synthetic securitisation for 2H22. The transaction would be the bank’s first synthetic ABS following a two-year hiatus (see SCI’s capital relief trades database). Stelios Papadopoulos&a...

      • STS homogeneity disclosed

        Homogeneity criteria for STS SRTs revealed

        The European Banking Authority has published its long-awaited consultation regarding the regulatory technical standards on the homogeneity criteria of STS synthetic securitisations (SCI 29 July). The consultation brings clarity to the market but the...

  • Market Moves

    • Structured Finance

      • NPL Markets reveals new partnership agreement

        Sector developments and company hires

        NPL Markets has announced a new partnership agreement with World Bank Group member, International Finance Corporation (IFC). The collaboration seeks to develop a greater and more efficient marketplace in South America to manage and trade performing l...

      • Germany's auxmoney secures €500m funding

        Sector developments and company hires

        The German digital-lending platform auxmoney has secured a further €500m in funding for investment into consumer loans on its platform from Citi and Natixis’ ABCP conduit. The digital-lending platform has been supported by investme...

      • Voya to acquire Czech Asset Management

        Sector developments and company hires

        Voya Investment Management has signed a definitive agreement to acquire private credit asset manager dedicated to the US middle market, Czech Asset Management (CAM). The transaction reflects Voya IM’s commitment to the expansion of its priv...

      • London Bridge broadens ILS capabilities

        Sector developments and company hires

        Lloyd’s has received regulatory approval from the UK PRA and FCA to set up a second Protected Cell Company (PCC), which provides a broadened range of ILS-related capabilities and enhanced accessibility for investors. Following the success o...


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