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Issue 844 - 12th May

  • News Analysis

    • ABS
      • A European ecosystem

        Continental solar ABS primed for growth

        Continental solar ABS is primed for growth as governments and consumers seek energy independence. This Premium Content article investigates. Europe could soon see its first public solar securitisation, after renewable energy firm Enpal ann...

    • Structured Finance
      • Meeting of worlds

        Opportunities for ABS originators as private and syndicated debt markets converge

        Private credit transactions are playing an increasingly prominent role in the structured finance landscape, owing to the continued global growth of the direct lending space. The trend is being reinforced by high-profile entrants into private debt, as...


  • News

    • Capital Relief Trades
      • Risk transfer return

        Deutsche Bank engineers mid-market comeback

        Deutsche Bank has finalized a synthetic securitisation of primarily German mid-market corporate credit facilities. Dubbed DARTS 2023-1, the CLN is the bank’s first such first loss significant risk transfer transaction following the...

      • TD cancels CRT, say sources

        Collapse of First Horizon merger cancels planned reg cap trade

        The collapse of the merger between First Horizon and Toronto Dominion Bank (TD) has meant a planned CRT trade by the Canadian bank has been shelved, say sources. TD had intended to execute a synthetic securitization of large corporate loans in June...

      • Capital calls hedged

        Standard Chartered CRT revealed

        SCI understands that Standard Chartered finalized a synthetic securitisation of capital call facilities in March called ‘’Hector’’. The transaction is riding a wave of such trades that picked up significantly i...

      • Risk transfer reboot

        JP Morgan executes synthetic securitisation

        SCI understands that JP Morgan has finalized a synthetic securitisation of capital call facilities. The transaction is the first synthetic risk transfer trade for capital relief purposes from a large US bank after US supervisors brought the US market...


  • The Structured Credit Interview

    • CLOs
      • Best interests

        Eric Brown, head of Performance Trust's Institutional Group, answers SCI's questions

        Q: Performance Trust announced its entry into the CLO market with the creation of its new CLO trading desk last month (SCI 11 April). What makes now the right time?A: CLOs are something that we’ve been looking into for quite some time now a...


  • Market Moves

    • Structured Finance
      • Rapid rise in defaults for Gedesco TRS

        Sector developments and company hires

        Rapid rise in defaults for Gedesco TRSThe ratings on €191.8m of notes issued by Gedesco Trade Receivables 2020-1 have been downgraded in light of the significant and rapid increase in defaults observed in March, following the start of the se...



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