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Flip clause enforceability 'remains to be seen'
Fitch reports that the judgement of the UK Supreme Court last week regarding the so-called 'flip-cla...
News Round-up 2 August 2011 -
Lehman 'flip' appeal dismissed
The UK Supreme Court in its ruling in the matter of Belmont Park Investments v BNY Corporate Trustee...
News Round-up 29 July 2011 -
'Zombie' threat
Bankruptcy-remote concept challenged
Strategies to resolve 'zombie' CDOs come in many forms. But the latest to hit the market -...
News Analysis 28 July 2011 -
KBC CDO unwind to proceed
KBC Group has received approval from the European Commission to amend its 2009 strategic plan and se...
Job Swaps 28 July 2011 -
Aussie portfolio manager hired
Western Asset Management, a wholly owned subsidiary of Legg Mason, has appointed Damon Shinnick to i...
Job Swaps 27 July 2011 -
Trups CDO defaults stabilising
Cumulative defaults and deferrals for US bank Trups CDOs are continuing to stabilise, according to t...
News Round-up 27 July 2011 -
Second CDO tender for Citi
Citi has announced its second CDO tender offer this month, following the launch of one for Bryant Pa...
News Round-up 26 July 2011 -
Global head named in structured credit push
Natixis CIB Americas has promoted Kevin Alexander to head of global structured credit and conduits....
Job Swaps 26 July 2011 -
ABS CDO reassigned
Fixed Income Discount Advisory Company (FIDAC) is set to assign its collateral management responsibi...
Job Swaps 22 July 2011 -
Securitisation race heats up
At the halfway point of 2011, with close to US$140bn of qualifying deals counted, the race is heatin...
News Round-up 22 July 2011 -
Secondary CRE CDO methodology released
Moody's has published a secondary methodology for rating CRE CDOs. The rating agency says the method...
News Round-up 21 July 2011 -
US CRE CDO delinquencies post largest-ever drop
Delinquencies for US CRE CDOs saw their largest decline in almost four years, according to the lates...
News Round-up 15 July 2011 -
ABS CDO transferred
Cutwater Asset Management is set to replace Western Asset Management Company (WAMCO) as collateral m...
Job Swaps 15 July 2011 -
CRE CDO hits the market
Deutsche Bank has arranged the first CRE CDO to hit the market post-crisis. The US$670.5m transactio...
News Round-up 15 July 2011 -
Bryant Park CDO tendered
Citi has announced cash tender offers for the outstanding income notes and class A-1, A-2, B and C n...
News Round-up 12 July 2011 -
ABS CDO liquidation due
The trustee for Maxim High Grade CDO I has retained Dock Street Capital Management to act as its liq...
News Round-up 11 July 2011
