Back-Up Italian Servicer Appointments Slower Than Expected

Fitch Ratings reports that the appointment of a back-up servicer in several Italian structured finance transactions in some cases has taken at least three to four months, and often up to seven months, instead of the 30 to 45 days as specified in deal documents.

  • 01 May 2013

Fitch Ratings reports that the appointment of a back-up servicer in several Italian structured finance transactions in some cases has taken at least three to four months, and often up to seven months, instead of the 30 to 45 days as specified in deal documents.

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 2,007 6 16.61
2 Goldman Sachs 1,798 4 14.88
3 BNP Paribas 1,434 4 11.87
4 Barclays 1,097 2 9.08
5 Morgan Stanley 1,094 2 9.06

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 18,228.90 62 10.23%
2 JPMorgan 18,161.74 49 10.19%
3 Bank of America Merrill Lynch 16,385.65 54 9.19%
4 Wells Fargo Securities 16,128.82 45 9.05%
5 Barclays 12,632.86 43 7.09%