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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 BNP Paribas 12,508 23 18.18
2 Bank of America Merrill Lynch (BAML) 8,059 25 11.72
3 Lloyds Bank 5,761 18 8.38
4 Citi 5,606 15 8.15
5 JP Morgan 5,007 7 7.28

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1 Citi 95,847.77 272 11.13%
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3 JPMorgan 72,172.60 208 8.38%
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