Lloyds brings mortgage SRT deal as sector heats up
Lloyds has structured a synthetic risk transfer (SRT) securitization of owner-occupied mortgage loans, an asset class which rarely sees action.
“The reason why there are not many is because mortgages on their own have a very good capital treatment. Generally you do an SRT because you want to reduce risk, but you also want to get the good capital treatment,” said a credit structurer. “But in the case ...
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