Derivatives - All Articles

  • Arch Bay Closes Novel RMBS

    Arch Bay Capital has closed its long-rumored private label residential mortgage-backed securitization.

    • 31 Jan 2011
  • Two CLOs Hit The Market; Subs Rally

    About $800 million in two new collateralized loan obligations have rolled out to investors, with AAAs from the $402 million Ares Management CLO closing on Friday at a spread of three-month LIBOR plus 160 bps, five basis points wider than initial guidance.

    • 31 Jan 2011
  • Prime Non-Agency RMBS Loan Prepayments Accelerate

    Prepayment of loans in prime non-agency residential mortgage-backed agencies has accelerated faster than other types of loans in January, according to Royal Bank of Scotland.

    • 31 Jan 2011
  • Citi May Retain Some Of CitiFi’s Toxic Assets

    Citigroup is said to be considering not including all of CitiFinancial’s toxic assets as part of a sale of the consumer finance business.

    • 31 Jan 2011
  • CRE Lending Inches Up In Q4

    Major banks increased business property lending in the fourth quarter as they now are making inroads into a sector that previously was dominated by smaller, community financial institutions.

    • 31 Jan 2011
  • The Higher The Yield, The Better The Loan Payoff

    There is a “tight correlation” between the debt yield on a loan and the likelihood the loan would pay off, accord to Trepp.

    • 31 Jan 2011
  • Republican Lawmakers Pitch To Ditch HAMP

    A trio of Republican members of the House of Representatives have introduced a bill to end the Department of Treasury’s Home Affordable Mortgage Program.

    • 31 Jan 2011
  • S&P Strangle Built

    One buysider has sold a few billion dollars in notional strangles with out-of-the-money puts and calls on the S&P 500 over the past six months.

    • 31 Jan 2011
  • GMAC Put Option On Dutch Bonds Doubtful

    GMAC ResCap, an Amsterdam-based lending arm of U.S. firm Ally Financial, warned investors in one of its sponsored residential mortgage securitizations that bond redemption on the next optional put-date may not be possible.

    • 31 Jan 2011
  • FICC Revenues Plunge At European Banks

    Revenue from fixed-income, fx and commodities trading at European banks is expected to plummet 35-40% in the latest round of earning reports compared with a year earlier, according to analysts.

    • 31 Jan 2011
  • Credit Derivatives Arb Benefits From European Volatility

    The European sovereign debt crisis has resulted in elevated volatility in European credit indices.

    • 31 Jan 2011
  • BarCap, Deutsche Bank Tops In Quality

    Barclays Capital and Deutsche Bank were named quality leaders for 2010 by Greenwich Associates.

    • 31 Jan 2011
  • CDS On Gulf Nations Widen Sharply

    Credit default swap spreads on debt issuers in the Gulf Cooperation Council widened as a result of political upheaval in Egypt.

    • 31 Jan 2011
  • Clariden Scores German First

    Clariden Leu has partnered with Fundmatrix, the German distribution agent, to offer its first UCITS III-compliance insurance-linked securities in Germany.

    • 31 Jan 2011
  • BoA Merrill Joins Dubai Equity Derivatives Market

    Bank of America Merrill Lynch has become the first general clearing member on Nasdaq Dubai’s equity derivatives market.

    • 31 Jan 2011
  • Wells Unit Joins CME To Clear Interest-Rate Swaps

    Wells Fargo Securities has joined CME Group for clearing of over-the-counter interest-rate derivatives.

    • 31 Jan 2011
  • Walker Crips Debuts Second Issue Of Index-Linked Kick-Out

    Walker Crips Structured Investments has launched the second issue of a structured product linked to the performance of FTSE 100, EuroStoxx 50 and S&P 500.

    • 31 Jan 2011
  • Scotia Expands Fixed Income

    Scotia Capital has hired Cesare Roselli as managing director and head of sovereign, supranational and agency origination in Europe, a part of its global fixed-income team in London.

    • 31 Jan 2011
  • U.S. Investors To Drive Euro Mart In 2011

    U.S. accounts are still taking interest in European primary securitizations, from residential mortgage-backed securities to the latest auto transactions to come out of the U.K.

    • 31 Jan 2011
  • Eusipa Seeks Separate Risk Classification From UCITS

    The European Structured Investment Products Association has urged the European Commission to conduct a study for the development of a so-called risk classification system for packaged retail investment products, such as structured products, that is separate from UCITS risk classifications set out by the European Securities and Markets Authority.

    • 31 Jan 2011