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Issue 861 - 8th September

  • News Analysis

    • CLOs
      • CLO saviour?

        Collateral managers act to save two CLOs in Q2

        In Q2, two of the 85-90 CLOs rated by DBRS saw old, underperforming loans replaced with new money by the collateral managers before the reinvestment period closed, report analysts at the rating agency. This was the first time the phenomenon had bee...

    • RMBS
      • Tapping the nest egg

        Growth in ERM demand presents securitisation opportunities in Europe

        Europe is experiencing growing demand for equity release mortgages (ERM) as its ageing population looks to release funds for retirement or to pass on to younger generations. This demand has started translating to a handful of securitisation deals in...

  • News

    • Capital Relief Trades
      • Latest SRTx fixings released

        Index values indicate incremental widening in spreads, while credit risk outlook trends towards nega...

        The latest fixings for the SRTx (Significant Risk Transfer Index) have been released. Following three months of improved tone across the sub-indexes, sentiment has become more varied since August’s fixings (SCI 3 August), with incremental w...

      • BMO back

        Algonquin transaction in the market, to close next month.

        Bank of Montreal is back in the market with a synthetic securitization from its well-established Algonquin platform, say market sources. The transaction is expected to close in October and references a pool of loans worth US$2.5bn, though it can be...

  • Market Moves

    • Structured Finance
      • Job swaps weekly: Pretium snaps up Morgan Stanley coo

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Pretium snap up a long-serving Morgan Stanley coo, as it looks to continue its acquisitive growth strategy. Elsewhere, Société Générale CIB has...

    • RMBS
      • Energy performance regulations yet to impact RMBS

        Market updates and sector developments

        Climate transition risks linked to changes in energy-efficiency performance regulations are having a limited impact on the European RMBS market, according to research by S&P Global.  The view is the result of a scenario analysis cond...

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