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Risk transfer round-up - 17 June
CRT sector developments and deal news
Credit Suisse is rumoured to be readying a capital relief trade from the Elvetia programme that is s...
News 17 June 2020 -
Older CLOs underperforming
Sector developments and company hires
Older CLOs underperforming A significant proportion of all the US BSL CLOs S&P has on negat...
Market Moves 16 June 2020 -
Take-up rates
Significant variations across European moratoria
Payment holidays have so far assisted in deterring defaults during the coronavirus crisis. However,...
News 15 June 2020 -
SCI Start the Week - 15 June
A review of securitisation activity over the past seven days
Last week's stories Addressing inconsistencies Performance metrics switched Calabria confiden...
News 15 June 2020 -
Californian auto loans eyed
Sector developments and company hires
Californian auto loans eyed The Westlake Automobile Receivables Trust 2020-2 issuer has disclosed t...
Market Moves 12 June 2020 -
Strategic review
Direct lending JV formed
Newly established investment manager KKV Investment Management has finalised investment management a...
News 12 June 2020 -
Addressing inconsistencies
Performance metrics switched
Metrics that assess the level of portfolio interest and principal cashflows have become more reliabl...
News 12 June 2020 -
Risk transfer rebound
Deutsche Bank completes SRT
Deutsche Bank has completed a US$325m CLN that references a disclosed US$5bn global portfolio of lar...
News Analysis 12 June 2020 -
Euro ABS 'game changer' recommended
Sector developments and company hires
Euro ABS ‘game changer’ recommended The European High-Level Forum (HLF) on the...
Market Moves 11 June 2020 -
LCR eligibility eyed
Final credit mapping framework awaited
Prime Collateralised Securities last week withdrew several liquidity coverage ratio assessments on d...
News 10 June 2020 -
Risk transfer round-up - 10 June
CRT sector developments and deal news
Santander has exercised a 10% clean-up call for its Red-1 Finance CLO 2017-1 transaction. The UK com...
News 10 June 2020 -
Resolve and resilience
Content sponsored by Ocorian
James Maitland, regional head of Americas, Bermuda & Caribbean, and global head of capita...
Talking Point 10 June 2020 -
NCSLT consent judgment denied
Sector developments and company hires
NCSLT consent judgment denied Fitch has affirmed 37 notes and maintained its rating watch negative...
Market Moves 9 June 2020 -
Spread compression
European ABS market update
The rally in broader risk assets and the lack of new supply has boosted demand for paper in the Euro...
News 9 June 2020 -
Perfect storm
Hertz bankruptcy to reshape auto ABS?
Hertz’s recent bankruptcy is one casualty of a perfect storm caused by a drop in used vehi...
News Analysis 9 June 2020 -
CLO business integrated
Sector developments and company hires
CLO business integrated RBC’s US-based CLO management business is being integrated into B...
Market Moves 8 June 2020