Weekly Issue Archive »

Issue 890 - 23rd February

  • News Analysis

    • Capital Relief Trades

      • Record breakers

        SRT benefiting from 'greater public awareness'

        SRT issuance volumes reached another record last year, as new funded investors entered the market and bank interest in synthetic securitisation increased. At the same time, the sector continues to benefit from support by regulatory bodies, which bode...

      • US SRT: First waves - video

        Seer Capital's Terry Lanson speaks to SCI about the outlook for SRT in 2024

        Terry Lanson, md and portfolio manager at Seer Capital, speaks to SCI's Simon Boughey about the outlook for SRT in 2024. Lanson discusses how SRT can help banks compete amid the ongoing expansion of private credit, whether the US market is finally re...

    • ABS

      • Unlocking new frontiers

        TRS market to grow as investor demands and market needs collide

        The trade receivables securitisation (TRS) market is set for growth, as strong investor appetite and the ongoing squeeze in SME financing boost the asset class’s potential. TRS programmes – particularly those in emerging markets &...

      • Historic opportunity?

        MPL ABS set to benefit from credit card refinancing needs

        Marketplace loan ABS issuance in the US posted volumes of US$7.6bn last year, lower than the US$9.5bn of supply seen in 2022, as post-pandemic headwinds combined with macroeconomic pressures to drive underperformance across the sector. However, the m...

    • CLOs

      • SCI In Conversation Podcast: Ian Wolkoff, Pretium Partners

        We discuss the hottest topics in securitisation today...

        In this episode of the SCI In Conversation podcast, SCI US editor Simon Boughey speaks to Ian Wolkoff, structured credit and CLO liabilities md at Pretium Partners, about the CLO market’s outlook for 2024. Wolkoff discusses the types of loa...

  • SRT Market Update

    • Capital Relief Trades

      • Getting ahead

        SRT Market Update

        Investors continue to highlight the notable pipeline of European corporate mandates in the SRT market as a clear trend. Meanwhile, across the pond, what to expect from the US market in terms of volume and growth for this year remains unclear. Asked...

      • Into the blue

        Alpha Bank's latest SRT unveiled

        Further details have emerged regarding Alpha Bank’s synthetic securitisation that it executed in Q4 last year. The significant risk transfer trade – called Project Blue – references a €1.6bn portfolio o...

  • News

    • Structured Finance

      • SCI Start the Week - 19 February 2024

        A review of SCI's latest content

        Last week's news and analysis Corporate flow SRT Market Update Job swaps weekly: Hogan Lovells adds dozens from Orrick People moves and key promotions in securitisation Judgement day Appeals court to rule on SEC's private funds proposals ...

    • Capital Relief Trades

      • Rates and regionals

        Greater AOCI pressures will bring US regional banks to SRT market

        The pipeline in the burgeoning US SRT market is in the hands of the Federal Reserve, according to a leading asset manager. If rates remain relatively elevated, the value of fixed income asset portfolios diminishes and banks suffer AOCI losses. At t...

  • Provider Profile

    • Capital Relief Trades

      • Challenger firm

        Having recently joined law firm Dentons, partner Toby Gray and counsel Ruhi Patil are looking to put...

        Q: Tell us about your recent move to Dentons and your targets within this new practice?TG: I joined Dentons in October 2023 (SCI 6 October 2023). After nearly 28 years at Linklaters, I was ready for a new challenge. Dentons was an attractive option f...

  • Market Moves

    • Structured Finance

      • Job swaps weekly: Allen & Overy lures five from Milbank

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Allen & Overy hiring five structured finance professionals from Milbank, including a new partner, ahead of its merger with Shearman & Sterling. Elsewhere, Howden CAP has a...

      • Landmark DFC facility inked

        Market updates and sector developments

        Fintech provider StoneCo has obtained a landmark commitment of US$467.5m from the US International Development Finance Corporation (DFC) in the form of a revolving securitisation facility. The facility - which has a final maturity of seven years and...

    • CLOs

      • CLO 'stress indicator' launched

        Market updates and sector developments

        KopenTech has launched a multifactor measure designed to enhance the monitoring of secondary CLO market conditions. Called the K-Indicator, the tool combines five key factors: the did-not-trade (DNT) rate; colour rate; same-day BWIC rate; triple-A av...


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