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SecuritizationCLOs-CDOs

Flickers of trading in SRT market as credit funds seek cash

Axa_AdobeStock_575x373_19Feb20

Synthetic risk transfer deals from Deutsche Bank, Santander and Standard Chartered have been seen changing hands, as certain credit funds look to free up cash by selling assets that have drastically outperformed equity and junior debt in leveraged loan CLOs. Risk transfer deals are often bilateral and privately negotiated, with little or no public reporting, and usually held to maturity by the specialist funds that buy them.

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