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RFC issued on supplementary CLO analytic
S&P is requesting feedback on a proposed supplementary analytic, CLO Tranche Recovery Metric...
News Round-up 3 March 2010 -
'Premium' standard unveiled for German SME CLOs
The Association of German Banks has unveiled a new, premium standard for German SME securitisations....
News Round-up 3 March 2010 -
Relative value: trading the global basis
Rishad Ahluwalia, executive director at JPMorgan, finds that while some narrowing of the CLO basis i...
This week we focus on the global CLO basis, or the pricing relationship between US and European CLOs...
Research Notes 3 March 2010 -
Greek triple-A tranches hit
The three major rating agencies have taken rating actions on triple-A rated Greek transacti...
News Round-up 24 February 2010 -
CLO settles claim with Lehman
Gulf Stream Sextant CLO 2006-1 has terminated certain swaps with Lehman Brothers Special Financing,...
News Round-up 24 February 2010 -
Broker adds in CDO sales
Broker-dealer Auriga USA has recruited Steven Hilfer as an md. In his new role he is responsible for...
Job Swaps 24 February 2010 -
Extension differentiation
CLO extension risk weighs on senior noteholders
Extension risk is a growing concern for senior CLO noteholders, as collateral managers increasingly...
News Analysis 24 February 2010 -
Slow but sure
European secondary CLO market activity in the week to 16 February
Although news surrounding the Greece bail-out continues to slow the European secondary CLO market, t...
News Analysis 17 February 2010 -
Variability in EMEA issuer reports highlighted
Fitch has updated its issuer report grades (IRG) for all its rated EMEA RMBS transactions. The ratin...
News Round-up 17 February 2010 -
New leveraged loan index launched
Markit has launched the iBoxx USD Leveraged Loan Index (Markit LLI). The index is designed to serve...
News Round-up 17 February 2010 -
Fund's CDO equity valuations jump
Axa Investment Management's permanent capital vehicle, Volta Finance, recorded a 30.1% mark-to-marke...
News Round-up 17 February 2010 -
BarCap reclassifies CLO portfolio
Barclays Capital has reclassified £8.03bn of CLO assets wrapped by non-investment grade rat...
News Round-up 17 February 2010 -
Kohlberg faces fair value suit
Glancy Binkow & Goldberg has filed a class action lawsuit in the US District Court for the C...
Job Swaps 17 February 2010 -
Illiquid solution
Celestino Amore, md and founder of IlliquidX, answers SCI's questions
Q: How and when did IlliquidX become involved in the structured credit market? A: IlliquidX is a...
Provider Profile 10 February 2010 -
Staying firm
US secondary market CLO activity to 9 February
As with its European counterpart (SCI passim), the secondary US CLO market continues to thrive in it...
News Analysis 10 February 2010 -
New strategies
Dislocation funds repositioned for next wave of opportunity
Two structured credit fund managers - Highland Capital Management and Declaration Manageme...
News Analysis 10 February 2010