Weekly Issue Archive »

Issue 915 - 16th August

  • News Analysis

    • RMBS

      • Israel debuts landmark public RMBS deal

        Credito's public offering marks new era in Israeli securitisation industry

        Israel is on the brink of a major milestone in its financial sector with the launch of its first public RMBS deal. The groundbreaking deal led by the Israeli non-bank lender Credito represents a major step forward for the country’s securiti...

    • ABS

      • Data centre securitisation: Growing in waves - video

        S&P Global Ratings' Jie Liang speaks to SCI about data centre securitisation

        Jie Liang, sector lead in S&P Global Ratings’ structured finance esoteric ABS group, speaks to SCI's Simon Boughey about data centre securitisation. Liang discusses the use of proxy data to achieve ratings in the asset class, the...

    • Capital Relief Trades

      • Funded access

        Rated repacks on the rise

        (Re)insurer participation in SRT deals has historically been limited to unfunded and non-STS transactions, but they are increasingly finding innovative ways to participate in funded deals. One such recent innovation is the EMX Partners platform, whic...

  • SRT Market Update

    • Capital Relief Trades

      • The Great White Deep Freeze

        SRT market update

        After a bumper 2023 for Canadian CRT, issuers seem to be focused on other forms of capital allocation optimisation. While, last year saw at least four of the big five Canadian banks issuing CRT deals with Canadian assets, issuance this year doesn&a...

      • Mini Morgan

        SRT market update

        JP Morgan’s latest new mortgage-referencing CRT has a unique structure which has raised some eyebrows. The bank referred to the transaction as a “deconsolidated portfolio risk transfer” which transfers the mortgages to...

  • News

    • NPLs

      • Italian NPL volumes significantly down

        Volumes fall down 20% for Italian NPL collections during the first half of the year

        After hitting a three year low in 1Q24 (SCI, 30 May), Italian NPL volumes were down 20% over 1H24 compared to the same periods in 2022 and 2023, according to Scope ratings. Total collections in 1H24 reached €1,200m from 45 transactions. Th...

    • SRTx

      • Latest SRTx fixings released

        SRT market sentiment highlights global market volatility.

        The latest fixings for the SRTx (Significant Risk Transfer Index) have been released. If last month’s data points generally expressed a marginal widening across the indices, this month’s figures show that volatility has returned t...

  • Market Moves

    • ABS

      • Solera MBO boosts auto finance platform

        Market updates and sector developments

        Obra Capital has partnered with the Solera Auto Finance (SAF) team in a management buyout from Solera Corp. SAF will be rebranded as Arra Finance and by combining the company’s skills with Obra’s existing structuring and credit ex...

    • Structured Finance

      • Job swaps weekly: New Cayman structured finance chief for Maples

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Maples and Calder naming a new head of its Cayman Islands structured finance practice. Elsewhere, Scotiabank has staffed up for the launch of its new Houston-based mortgage capital market...

      • JHG bolsters private credit capabilities

        Market updates and sector developments

        Janus Henderson Group has entered into a definitive agreement to acquire a majority stake in Victory Park Capital Advisors (VPC). With a nearly two decade-long track record of providing customised private credit solutions to both established and emer...

    • RMBS

      • August RMBS surge surprises experts

        Unseasonably high activity defies market volatility and summer slowdown

        In an unexpected twist, the typically quiet international primary market in August has burst into activity, with two UK RMBS and two Australian RMBS deals making notable strides. According to a recent JP Morgan report, this surprising surge of activi...


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