StanChart sells synthetic CLO despite regulator’s criticism

StanChart 230x150
By Owen Sanderson
30 Jun 2015

Standard Chartered Bank has used synthetic securitization to protect a $3bn pool of trade receivables, despite recent critical comments from the Bank of England’s David Rule about this method of risk transfer.

The UK bank, which is among the world’s largest users of synthetic securitization, issued the $165m credit-linked note Sealane III to protect the mezzanine tranche on a $3bn notional ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.