PCS stamps Storm RMBS deal with first STS label

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PCS stamps Storm RMBS deal with first STS label

Tom Brown
March 26, 2019 12:45 PM
dam
CR0K2M Clanwilliam Dam on the Olifants River with open flood gates, Clanwilliam, Western Cape, South Africa, Africa | Alamy Stock Photo

A securitization from Obvion, Storm 2019-1, will be the first RMBS deal to receive verification from third-party verifier Prime Collateralised Securities (PCS) and the first Dutch securitization to qualify for the simple, transparent and standardised (STS) regulatory designation.

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Topics

The NetherlandsSecuritizationEuropeRabobankEMEA
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Tom Brown
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