Weekly Issue Archive »

Issue 930 - 29th November

  • News Analysis

    • Capital Relief Trades

      • SRT Journal: A growth market

        The fourth of five essays compiled in SCI's inaugural SRT Journal examines the growth of unfunded mo...

        Mortgage insurance is as old as the hills, but the provision of financial guarantees or insurance policies on pools of home loans to secure capital relief as a tool of the significant risk transfer (SRT) market is of much more recent vintage. SCI loo...

      • Take the highway

        Auto loans CRTs make good fit for regionals, but is the end in sight?

        A significant portion of recent risk sharing transactions from US regional banks have referenced auto loans, but the tap could be turned off next year, warn some in the market. Two weeks ago, Huntington Bank settled its second prime auto loan synth...

    • Asset-Backed Finance

      • Asset-backed finance: Emerging at pace - video

        ARC Ratings' Ashley Thomas speaks to SCI about asset-backed finance

        Ashley Thomas, head of structured finance (UK) at ARC Ratings, speaks to SCI's Marta Canini about asset-backed finance (ABF). Thomas discusses what ABF is, the key drivers behind the growing interest in the asset class, comparisons between the Europe...

    • ABS

      • Australian auto ABS accelerates ahead

        Australian auto loan ABS thrives on strong performance and parallels evolving trends seen in EMEA ma...

        The Australian auto loan ABS market has become a cornerstone of the country’s structured finance landscape, distinguished by its unique characteristics and strong performance record. While S&P Global Ratings in a recent in-depth ana...

  • SRT Market Update

    • Capital Relief Trades

      • Synthetic debut

        SRT market update

        Inbank, a financial technology company with an EU banking license, has completed its first synthetic securitisation with the European Investment Bank Group (EIB). Founded in 2010 in Estonia, Inbank established its first branch in Poland in 2...

      • In with the new?

        SRT market update

        If the context of spread compression has been heavily reported on (and sometimes deplored), SRT investors expect levels to remain tight in 2025. In the US, volumes have been spotty so far this year. While the regulatory momentum experienced in Sept...

      • ESG blueprint

        SRT market update

        BBVA and Dutch pension fund investor PGGM have completed a €2bn synthetic securitisation, uniquely structured with an ESG-linked pricing mechanism that ties 40% of the portfolio to ESG performance metrics. In linking capital costs to susta...

      • CEE launch

        SRT market update

        UniCredit Bank Czech Republic and Slovakia (UniCredit CZ&SK) and PGGM have completed an SRT referencing a €1.7bn portfolio of  corporate loans SRT. The transaction, labelled as Project ARTS Morava, marks the SRT d...

      • Views from the market

        SRT market update

        While pricing is certainly tighter than it has historically been, investors report that the SRT market is in a “good place”. One investor unsurprisingly contends that the current spread environment has triggered a pickup in issuan...

      • Two-in-a-row

        SRT market update

        Sustainability is making a comeback in the synthetic securitisation market this week, as the European Investment Bank Group (EIB) closes on its second climate transition-linked transaction this week (SCI 25 November). In partnership with Santander,...

      • Final countdown

        SRT market update

        Santander is gearing up to close on another unfunded UK mortgage-backed SRT (around the £1bn mark) before year-end, according to new market intel. After news of the bank closing on a synthetic trade with the EIB, focuses have shifted toward...

  • Market Moves

    • Structured Finance

      • Strategic alliance

        BC Partners Credit joins forces with Piper Sandler

        BC Partners Credit, the US$8bn credit arm of global investment firm BC Partners, has formed a strategic alliance with investment bank Piper Sandler to take advantage of an imminent wave of refinancing.   With five-year callable notes iss...

      • Job swaps weekly: Weil names new partners

        People moves and key promotions in securitisation

        This week’s roundup of securitisation job swaps sees Weil Gotshal & Manges promoting three structured finance and derivatives specialists to partner. Meanwhile, Kirkland & Ellis has snapped up a veteran fund finance speciali...


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