Bank One Preps First European SIV

  • 10 Feb 2002
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Bank One Capital Markets is readying its first European structured investment dollar- and euro-denominated medium-term note programs as well as commercial paper programs in both currencies. Ultimately, the SIV will reach a capacity of $20 billion, says Jim Irvine, managing director and head of structured investment vehicles in London. The SIV, called White Pine, will manage its interest-rate and foreign exchange exposure through swaps. The swap counterparties have not yet been selected, but Irvine says they must be rated at least A- long-term or A1 short-term.

In addition, Bank One is looking for an investment manager to run the SIV's underlying securities, which will primarily be investment-grade asset-backed securities, financial institution paper and corporate bonds. Also, to assist with the management of the SIV, Bank One is seeking to add a risk analyst, to oversee compliance, reporting and hedging strategies.

  • 10 Feb 2002

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 13.43
2 Rabobank 12.61
3 Morgan Stanley 10.27
4 Barclays 7.86
5 Natwest Markets (RBS) 7.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Mar 2017
1 Bank of America Merrill Lynch 18,561.02 56 11.69%
2 Wells Fargo Securities 18,160.90 57 11.44%
3 JPMorgan 12,092.45 38 7.62%
4 Citi 11,878.92 43 7.48%
5 Credit Suisse 9,276.87 26 5.84%