Issue 886 - 26th January
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News Analysis
- Capital Relief Trades
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The way back
SRT gives US banks chance to regain market share
Greater use of synthetic securitization will allow US banks to compete more effectively with the burgeoning private credit market, according to a detailed research piece from Seer Capital Management, the experienced SRT investor based in New York. ...
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- Structured Finance
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Inside job
Internal ESG assessments and SPOs favoured
Second-party opinions (SPOs) are growing in importance as climate credit risks and sustainable impact efforts continue to converge. At the same time, although rating agency ESG criteria have developed extensively alongside regulation, many securitisa...
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- Capital Relief Trades
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News
- Structured Finance
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SCI Start the Week - 22 January 2024
A review of SCI's latest content
Last week's news and analysis Back in the game Citi sells SRT, more in the works, say sources Fed checks banks' homework CLN submission path is clearer, but Fed approval far from automatic Gathering momentum SRT market update Hanging i...
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Building momentum
Chinese consumer ABS market tipped for growth
Chinese securitisation issuance posted a 7% decline in volumes last year. However, backed by solid mortgage originations, vehicle sales and foreign investor interest, China could well be on its way to long-term growth if its structured finance market...
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- Capital Relief Trades
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Risk transfer round-up - 25 January
The week's SRT developments and deal news
Market newsBofA Global Research analysts believe that there is potential for 2021-2022 GSE credit risk transfer transactions to be upgraded, as their credit enhancement levels and mark-to-market LTVs continue to improve and delinquencies remain low....
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- Structured Finance
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The Structured Credit Interview
- Capital Relief Trades
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Pilot transaction
IDB expands focus and lending capacity to the private sector
The Inter-American Development Bank (IDB), the main source of development financing for Latin America and the Caribbean, recently completed a risk-transfer transaction using credit-insurance protection with private insurance companies to optimise the...
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- Capital Relief Trades
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Market Moves
- ABS
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TCW launches ABF business
Market updates and sector developments
The TCW Group has launched a dedicated asset-backed finance (ABF) business that will be anchored with over US$1bn in capital commitments from TCW, partners and affiliates. Dylan Ross has joined the firm as md and portfolio manager to lead the asset-b...
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- Structured Finance
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Job swaps weekly: Dechert rings the changes in US securitisation group
People moves and key promotions in securitisation
This week’s roundup of securitisation job swaps sees Dechert make two appointments to its US asset finance and securitisation team, including the appointment of a new head. Elsewhere, Fried Frank has appointed a structured finance expert as...
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- RMBS
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GSEs get set for social MBS
Market updates and sector developments
Fannie Mae and Freddie Mac have unveiled a new iteration of their social scores, rebranding them as ‘Mission Index Scores’, which will serve as the basis for future social-labeled agency MBS. As part of the move, the GSEs have lau...
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- ABS
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