BAML sells securitization equity for Charter Court

Charter Court Financial Services intends to sell its residual economic interest in the Precise Mortgage Funding 2018–1B and Precise Mortgage Funding 2018–2B securitizations to Merrill Lynch International for £6m ($7.84m).

  • By Tom Brown
  • 22 Jan 2019

The transaction is expected to complete on January 23, 2019, and will involve the sale of the RC2 residual certificates from the securitizations. Bank of America Merrill Lynch purchased the certificates for onward sale.

This sale exits the securitization exposures for Charter Court, which will generate a ...

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2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.78

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5 Credit Suisse 22,890.32 71 6.35%