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Issue 809 - 2nd September

  • News

    • ABS

      • The HEAT is on

        Subprime auto ABS to feel impact of court ruling

        The subprime auto loan ABS market is likely to the first in which the full ramifications of April’s landmark HEAT ruling are felt, say legal experts. The HEAT verdict means that plaintiffs are now obliged to uncover and specify all the pr...

      • FFELP forgiveness miss

        Student debt relief impact 'unclear'

        The Biden Administration last week unveiled its Student Debt Relief Plan, which will cancel up to US$10,000 of federal student loans for borrowers with individual incomes of less than US$125,000 (or US$250,000 for households) and up to US$20,000 for...

      • Active autumn?

        European ABS/MBS market update

        The European and UK ABS/MBS primary market looks set for an active autumn after a lacklustre August. The visible pipeline is beginning to build and a heavy potential refinancing calendar stretches over the next few months. Finnish auto ABS Tommi 3...

    • Capital Relief Trades

      • Supply story

        Helpful technicals boost GSE CRT performance

        CRT assets performed well for the second month in succession during August, boosted by supportive technical factors. The CRTx Aggregate, the flagship index of Mark Fontanilla & Co, rose 3.21% last month and convincingly outperformed most ma...

      • Risk transfer round up-2 September

        CRT sector developments and deal news

        JP Morgan is believed to have delayed the execution of a synthetic securitisation of leveraged loans until allegedly market conditions become more favourable from the lender’s perspective. Finalizing capital relief trades backed by these ex...

      • Concentrations hedged

        Deutsche Bank closes leveraged loan SRT

        Deutsche bank has finalized a 7.5-year synthetic securitisation that references a revolving US$2bn portfolio of US and European leveraged loans. Dubbed LOFT 2022-1, the transaction was upsized from an initial portfolio size of US$1.5bn and it&rsq...

  • Market Moves

    • Structured Finance

      • S&P Global bolsters private markets offering

        Sector developments and company hires

        S&P Global has announced the acquisition of the private markets data solutions provider, Private Market Connect (PMC). The acquisition will integrate the platform into the firm’s market intelligence division and will increase the br...

      • SME funding partnership inked

        Sector developments and company hires

        SME funding partnership inked SME Capital and JPMorgan have agreed a new funding partnership dedicated to supporting UK SMEs. The collaboration entails JPMorgan extending a significant line of committed capital for SME cashflow lending over the ne...


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