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Commutations Increase Liquidation Risk For Mezz Investors

More commutations by monolines could increase the number of liquidations for collateralized debt obligations of asset-backed securities, a negative for mezzanine investors.

  • 14 Jun 2010

--Olivia Thetgyi

More commutations by monolines could increase the number of liquidations for collateralized debt obligations of asset-backed securities, a negative for mezzanine investors. This would be the case in the $16.4 billion of commutations Ambac recently announced, as well as with commutations by other monolines, according to analysts ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
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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
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