Securitization.Net

	Still in the Race: European ABS Picks Up Speed, But Might Get Derailed Europe has ridden into the summer months in the same state of uncertainty that has set the course for the last 18 months. ...more Asset Securitization Report--SourceMedia (7/30/2010)
	ADB Q&A: ADB Talks ABS Founded in 1966, the Asian Development Bank has a mandate to reduce the poverty of its developing member countries (DMCs) and improve the quality of life of their people. It currently has 67 members. Those eligible for assistance must be DMCs ...more Asset Securitization Report--SourceMedia (5/1/2010)
	Greek Tragedy Cools Europe's Restart Sovereign risk" are the words driving pricing in the European securitization market as the troubles in Greece unfold. After a brief period characterized by healthier spreads and a budding primary pipeline, European securitizations are bracing for the ...more Asset Securitization Report--SourceMedia (3/1/2010)
	LatAm 2010: Better Days Ahead Latin American ABS and MBS held on last year thanks to domestic markets. As cross-border demand receded further, local investors remained a major force. This, in part, explains why activity from the region fared so much better than the emerging markets on ...more Asset Securitization Report--SourceMedia (2/1/2010)
	Brazilian CDO Draws Interest and Curiosity As of the holidays, a hefty CDO was in the Brazilian market and drawing substantial interest, sources said. Led by Credit Suisse and Banco Santander, the deal, called Credito Corporativo Brasil, has raised eyebrows as well, for reasons obvious to anyone ...more Asset Securitization Report--SourceMedia (1/4/2010)
	Gulf ABS Not a ClearLoser in Dubai Fallout The destabilizing news out of Dubai is inarguably a negative for issuers out of the region - what many investors effectively saw as implicit sovereign support has now vanished. But the impact for true asset-backeds in the United Arab Emirates and neighbor ...more Asset Securitization Report--SourceMedia (12/7/2009)
	Colombian RMBS Stays A World Apart Last year, RMBS issuance in major markets of the U.S. and Europe plunged due to either sickly collateral, skittish investors or a combination of both. Colombia, meanwhile, put out a record volume of Ps1.6 trillion ($834 million) in RMBS domestically. ...more Asset Securitization Report--SourceMedia (11/2/2009)
	Asset-Backed Sukuks: Some Drama, but No Action A sense of relief is percolating through the market of Shariah-compliant bonds, known as sukuks. Standard & Poor's records show that issuance in the first seven months of the year came in at slightly more than $9.3 billion, compared with $11.1 billion ...more Asset Securitization Report--SourceMedia (10/2/2009)
	Dog Days of Summer Reveal a Muggy Forecast for Euro ABS The summer months have brought a more positive sentiment to the European securitization market. However, market sources believe that the winter could bring some discontent, adding that Europe has yet to make some lasting moves that would indicate the ...more Asset Securitization Report--SourceMedia (9/7/2009)
	Mexico: Ready to Give ABS a Fresh Look? Following a spring that was on life support, Mexico's structured finance market sprang to life in late June and into July. A clutch of significant deals closed and more entered the pipeline. But it was unclear: is the country's ABS market on a firm ...more Asset Securitization Report--SourceMedia (7/31/2009)
	The OECD and Its Take on Offshore Tax Havens The Organization for Economic Cooperation and Development (OECD) continues to work on its list of acceptable tax havens. While countries are looking to get off the "grey list," industry players said that the impact of status could affect business for ...more Asset Securitization Report--SourceMedia (7/6/2009)
	Industry Pleads Its Case Despite Uncertain Future The European Securitization Forum and Information Management Network chose a more somber setting - London - for this year's Global ABS gathering held last week. Market players took a sobering look at the current state of play of the securitization market. ...more Asset Securitization Report--SourceMedia (6/8/2009)
	Ray of light Can the U.S. and U.K. Govts. Restart ABS? At the start of 2009, the formula that would save securitization began with government intervention. Six months down the line, the U.S. and European markets have seen some results. For Europe, the story has naturally been fragmented or on a country-by- ...more Asset Securitization Report--SourceMedia (5/25/2009)
	Euro Governments Have No Time for TALF The Term Asset-Backed Securities Loan Facility (TALF) has kick-started U.S. primary market issuance, but the flurry of activity won't tempt European governments to follow with a European version of TALF. Market analysts said that governments, ...more Asset Securitization Report--SourceMedia (5/1/2009)
	Bank of Russia's Repo Window Beckons RMBS: But better opportunities may lie elsewhere When the European Central Bank (ECB) upped its threshold for repo-eligible ABS to triple-A beginning in March, this funding alternative shut down for emerging market securitizations, which could hit that rating only with a level of enhancement that is ...more Asset Securitization Report--SourceMedia (4/1/2009)
	Euro Players Can't Predict Market Recovery's Timing At the American Securitization Forum's (ASF) conference last month held in Las Vegas, a survey presented in one of the panels showed that recovery for the U.S. securitization market won't happen until 2011. In Europe, where government interventions are ...more Asset Securitization Report--SourceMedia (3/1/2009)
	Is the European Market Closer to Fine? For three weeks now, better sentiment has prevailed in European ABS secondary market trading, where spread widening has stopped and triple-A spreads have tightened at a rapid pace. However, despite these positives, the European securitization market's ...more Asset Securitization Report--SourceMedia (2/16/2009)
	Kazakh Bank Takeover: The DPR Angle: There's a more immediate question: can these takeovers trip deal triggers? As in much of the developed world, Kazakhstan has determined that the global crisis has left it with few choices. A string of moves to shore up troubled banks since last fall hit a crescendo last week when the Kazakh government snapped up a 78% stake of ...more Asset Securitization Report--SourceMedia (2/9/2009)
	Fitch: LatAm Takes It on the Chin The Latin American storyline shifted last year as the gangrenous financial crisis spread from the countries where it sprang forth to the periphery. For the first half of the year, talk in the region was of resilience and differentiation from the credit- ...more Asset Securitization Report--SourceMedia (2/2/2009)
	Brazilian ABS Stays Above Water Brazilian ABS has stayed afloat as its counterparts in more developed markets dive and drown in lemming-like numbers. Issuance in South America's giant actually rose last year, and the quality of the main asset classes hasn't meaningfully ...more Asset Securitization Report--SourceMedia (1/26/2009)
	Rate Cut Adds More Worry for European CMBS The Bank of England made its move to cut the U.K. base rate by half a point to 1.5%. The move takes the benchmark interest rate to the lowest level since the Bank's founding in 1694 and follows the rest of Europe. While the cuts might work toward easing ...more Asset Securitization Report--SourceMedia (1/19/2009)
	Mexico Posts $808 Million ABS/MBS Deals in December Mexico closed out the month of December with deals from four originators. Spreads were well out from earlier in the year, but these transactions at least made it through, and market investors bought in as well. All told, the rough equivalent of $808 ...more Asset Securitization Report--SourceMedia (1/12/2009)
	Currency Perils Hit Russia and Ukraine Combing the market for unambiguously good news these days often feels like running tap water through a sieve in the hope of trapping gold. It's just not going to happen. So I'll tap into yet another vein of pessimism: Russia and Ukraine. ...more Asset Securitization Report--SourceMedia (1/5/2009)
	Mexican RMBS and Homebuilder ABS: Fresh Palette of Players for '09 The securitization of mortgages and construction loans has slowed down to a listless sputter over the last few months in Mexico, a victim of blown-out spreads and investor aversion to debt from nonbank companies known as Sofols and Sofoms. But efforts are ...more Asset Securitization Report--SourceMedia (12/15/2008)
	Housing Pessimists Chew On Metrofinanciera: Company puts figure on money owed to the trusts Over Thanksgiving break, Mexico's Metrofinanciera dropped a huge turkey on the laps of its bond investors, roughly Ps4.19 billion ($308.3 million) worth. That's how much the company revealed it owed the financial trusts of its securitized debt as of the ...more Asset Securitization Report--SourceMedia (12/8/2008)
	Euro Credit Cards Hang in There "Since the beginning of 2007, we have seen a tightening of lending standards and a reduction of introductory offers to new borrowers, which has set the ground for improvement in performance and better positioned these structures to weather a downturn," ...more Asset Securitization Report--SourceMedia (12/1/2008)
	European CMBS Market Sees Spate of Downgrades There's a variety of reasons for European CMBS negative rating actions. Moody's Investors Service's recent lowering of Ambac and MBIAs' ratings to 'Baa1' spurred a massive flow of downgrades. The European CMBS sector has been especially hard hit. ...more Asset Securitization Report--SourceMedia (11/24/2008)
	Itau, Unibanco Merger Raises ABS Questions An announced merger between Brazilian banking behemoths Banco Itau Holding Financeiro and Unibanco-Uniao de Bancos Brasileiros has reverberated through Sao Paulo's financial sector, as the move would produce the country's largest bank. As of September, ...more Asset Securitization Report--SourceMedia (11/10/2008)
	Riding the Trough: Tougher Times for ILS The insurance-linked securitization (ILS) market is beginning to feel the credit pinch as malfunction in the financial markets touches every corner of the economy. Even insurers are finding that where they once added value for investors looking for some ...more Asset Securitization Report--SourceMedia (11/3/2008)
	For Metrofinanciera, it's an Uphill Battle to Win Back Trust It's going to take some effort for Mexican nonbank company Metrofinanciera to win back the confidence of the market. Shoddy servicing and poor controls on ABS played a part in steep downgrades from Moody's Investors Service two weeks ...more Asset Securitization Report--SourceMedia (10/27/2008)
	Changes Loom for Basel II Regulators said they envisage new specific treatment for resecuritizations, and expect an interim treatment until banks are fully integrated to the new Basel accord. These changes in the Basel II landscape will see increased capital requirements for ...more Asset Securitization Report--SourceMedia (10/20/2008)
	All Quiet on the Eastern Front Russian RMBS Recent events in Russia are putting its RMBS under tighter scrutiny. While Russian mortgage originators had been basically shut out of the market since mid last year, they had nonetheless remained aloof from the worst of the West's financial volatility. ...more Asset Securitization Report--SourceMedia (10/13/2008)
	Lehman's Domino Effect: European Bank Failures keep coming Lehman Brothers' overnight collapse has left a heap of trouble in Europe, setting off an alarming domino effect. It all happened over a span of three weeks: what began with the U.S. subprime problem has evolved into a dilemma of tsunami-like proportions. ...more Asset Securitization Report--SourceMedia (10/6/2008)
	Europe in Better Shape, No Need for a TARP-Like Rescue Yet As the U.S. works to put together its Troubled Asset Relief Program (TARP), comments by U.S. Treasury Secretary Henry Paulson suggest that similar schemes are being crafted in some non-U.S. countries. Troubled sectors in Europe include U.K. assets ...more Asset Securitization Report--SourceMedia (9/29/2008)
	With Merrill, BofA Could Return to Emerging Markets In the emerging market space, Bank of America's purchase of Merrill Lynch resonates far and wide. While the commercial bank has been a non-entity in the business since 2003, Merrill has been an active player at least through last year. Indeed, the ...more Asset Securitization Report--SourceMedia (9/22/2008)
	Khreschatyk Launches Ukraine Covered Bond The Ukraine's Bank Khreschatyk has issued its first covered bond, a three-year UAH70 million ($14.7 million) trade governed by local law. Fitch Ratings has given the transaction a 'B+' on the global scale and an 'A(ukr)' on the national scale. The bank's ...more Asset Securitization Report--SourceMedia (9/15/2008)
	Central Banks Move to Adjust Liquidity Programs: The potential for abusing the SLS as a liquidity source is being closely examined Both the Bank of England (BoE) and European Central Bank (ECB) board members said last week that they are looking at possible new restrictions on the liquidity facilities they currently have on offer. The changes will address concerns over the potential ...more Asset Securitization Report--SourceMedia (9/8/2008)
	Japan Gets in on Islamic Finance Race: Shariah-compliant offerings pick up speed despite The Japanese government is adapting its banking regulations to accommodate the rules of Shariah-compliant Islamic finance. The Japanese private sector has increasingly been showing an interest in Islamic finance. But, so far, activity has been held ...more Asset Securitization Report--SourceMedia (8/18/2008)
	ESF Hooks Jumper Cables to Europe Will the Continent Start Up? The European Securitization Forum (ESF) has remained steadfast about its belief that the European securitization market will return. However, as the credit turmoil intensifies, the beleaguered market looks less likely to be fixed in the short term. ...more Asset Securitization Report--SourceMedia (8/11/2008)
	Brazil's Belo Horizonte Serves as Obligor in ABS Having spent years without seeing a dime for certain services rendered, Brazil's Construtora Andrade Gutierrez (AG) has gone ahead and securitized those payment flows. The money stems from a debt recognition agreement between the sizable ...more Asset Securitization Report--SourceMedia (8/4/2008)
	Mexico's PCD Does It for Finacity Finacity Corp. recently closed a trade receivables transaction for Papel, Carton y Derivados, a Mexican paperboard and containerboard maker that markets under the slogan ...more Asset Securitization Report--SourceMedia (7/28/2008)
	Smooth MBS Performance Belies wrinkles in Kazakh Assets: It's lonely out there for Kazakh MBS 07. The only public existing asset deal from the country, it popped out mere months before the liquidity crisis made pricing untenable for originators The quarters that followed saw the credit squeeze abroad expose the dangers of Kazakh banks' overreliance on foreign funding. Meanwhile, an economic slowdown and shaky real estate prices at home - caused in part by a pullback in banks' own lending ...more Asset Securitization Report--SourceMedia (7/21/2008)
	Hertz Debuts European Deal Hertz is slated to issue what will be its first securitization deal outside of the U.S. The 1.5 billion ($2.4 billion) International Fleet Financing 1 will be a multi-jurisdictional transaction covering Australia, France, Italy and the Netherlands. ...more Asset Securitization Report--SourceMedia (7/14/2008)
	Getting The Mix Right: Shariah-Compliant ABS Provide Ingredients for Lively Debate Over the past two years, the Islamic securitization market has grown dramatically, although its growth faces serious roadblocks if the legal issues surrounding how to achieve a true sale are not clarified. The main hindrance goes back to the combination ...more Asset Securitization Report--SourceMedia (7/7/2008)
	Spanish RMBS Troubles Mount But Quality Holds Up Like their peers elsewhere, Spanish mortgage originators are staggering through a tough year, but the economic headwinds they face are especially daunting. Yet delinquencies, while up, are still far from alarming. For now, participants are concentrating ...more Asset Securitization Report--SourceMedia (6/30/2008)
	Keeping it In-House: Have European Banks Become Over-Reliant on Repos? Since the onset of financial market turmoil in August 2007, the European Central Bank (ECB), in line with other major central banks, has significantly expanded its term liquidity management operations. More recently, the Bank of England ...more Asset Securitization Report--SourceMedia (6/23/2008)
	Mexico's SHF Wears More Hats In Ugly Weather Last year, Mexican state agency Sociedad Hipotecaria Federal (SHF)was on track to cut off direct funding of mortgage origination for nonbank entities known as Sofols by the end of 2009. But thanks to tighter liquidity, the government dropped the deadline ...more Asset Securitization Report--SourceMedia (6/16/2008)
	The Glamour of Cannes Can't Stop the Fade of Securitization There was no red carpet laid out for the thousands of industry players that made it out to the Palais des Festivals et Des Congress in Cannes, the new home of Information Management Network's and European Securitization Forum's (ESF) Global ABS ...more Asset Securitization Report--SourceMedia (6/9/2008)
	European Regulatory Initiatives: A Road Paved with Good Intentions Europe has had to take a long, hard look at the internal workings of its securitization industry. What has resulted is a long line of market initiatives that will help shape the future of the market and presumably avoid any catastrophic loss for future ...more Asset Securitization Report--SourceMedia (6/2/2008)
	Distressed Buyers Start Eyeing European Loans: It's hard to believe that the market is reprocessing the very instruments that started the current credit crisis European funds have started raising money to buy deeply discounted collateral. Some smaller finance houses have even started to invest in mortgage servicing groups that deal with distressed paper. Market players say it's an encouraging ...more Asset Securitization Report--SourceMedia (5/26/2008)
	Turkish Banks Play Coy with ABS With the field of active bond insurers having thinned out and credit spreads still blown out, leading Turkish banks have yet to revive their structured finance programs. But they have the luxury of waiting, as the likes of Akbank, Denizbank, Turkiye ...more Asset Securitization Report--SourceMedia (5/19/2008)
	Mexico's Credito Inmobiliario Forges Ahead: Despite the possibility of risk in the sector, Credito comes to market with a bridge loan deal This week, Mexico's Credito Inmobiliario is likely to become the first originator to collateralize a pool of construction bridge loans since before Fitch Ratings reported on heightened risk in the sector and Moody's de Mexico put Metrofinanciera's loan ...more Asset Securitization Report--SourceMedia (5/12/2008)
	Brazil Banks Issue Over $500M in DPR Deals: Volatile market conditions lure Brazilian banks back to structured finance Tougher financing conditions, coupled with doubts over the return of looser credit, are drawing the leading Brazilian banks back to structured finance. Over the past couple of weeks, Banco do Brasil (BdB), Unibanco and Banco Santander's Brazilian ...more Asset Securitization Report--SourceMedia (5/5/2008)
	Bank of England Answers Industry's SOS Call The Bank of England threw another lifeline to banks last week, unveiling a new GBP50 billion ($99.3 billion) special liquidity scheme (SLS). The new scheme will allow banks to temporarily swap their high quality, triple-A rated MBS and other ...more Asset Securitization Report--SourceMedia (4/28/2008)
	Fog Up Ahead: New Tax Blurs Future of Mexican Toll Road ABS With several years of smooth traveling behind them, a group of Mexican toll road transactions have hit potentially shaky ground. A law that went into effect Jan. 1 gives private concessionaires operating toll roads one of two options for paying taxes. ...more Asset Securitization Report--SourceMedia (4/21/2008)
	BAA To Move Ahead with Refinancing: London's Heathrow airport is one BAA asset that will benefit from BAA's accessing the bond market The British Airport Authority (BAA), which is owned by Grupo Ferrovial, said it is considering a combination of bank and bond financing. By pursuing these options, BAA thinks it could increase the chances of a successful and timely completion of its ...more Asset Securitization Report--SourceMedia (4/14/2008)
	European Mortgage Servicing: The Cleaning Crew Takes Center Stage U.K. nonconforming lenders continue their exodus from the market. This has left borrowers with little option for refinancing and left lenders facing mounting arrears. One of the only tools the mortgage industry has to rein in the losses on loans is the ...more Asset Securitization Report--SourceMedia (4/7/2008)
	Monoline Crisis Doesn't Spell End of Wraps in Emerging Markets: But Business Will Be Sporadic at Best in 08 With the mood in the markets still dour and leading bond insurers declaring structured finance off-limits for either six months or until further notice, it may seem premature to canvass the monolines on where they stand right now in respect to emerging ...more Asset Securitization Report--SourceMedia (3/31/2008)
	Securitization Still a Word Northern Rock is Willing to Use Northern Rock said last week that it plans to become a smaller, more focused mortgage and savings bank. However, it still intends to continue with its securitization business. The mortgage firm disclosed its plans to reduce staff by a third. ...more Asset Securitization Report--SourceMedia (3/24/2008)
	Some Good News Comes from the Monoline Front: A wrapped whole business deal defies negative perception and comes to market The monoline industry does not have much to celebrate these days. But a not-so-little European whole business deal wrapped by MBIA that closed last week could provide a small specter of hope for bond insurers. "Bringing this deal to a successful ...more Asset Securitization Report--SourceMedia (3/17/2008)
	Limited Refi Options Strain U.K. RMBS: A shutdown of U.K. mortgage lenders may constrain available financing programs for borrowers The U.K. mortgage market is predominantly a refinance market, with borrowers on average refinancing their loans every two to four years after the expiration of their teaser period. As lenders limit the number of their product offerings, more of ...more Asset Securitization Report--SourceMedia (3/10/2008)
	Standard Chartered's Whistlejacket Defaults on its Obligations Standard Chartered SIV Whistlejacket has defaulted on its obligations and might be set for an orderly unwind. However, for ABCP buyers, the StanChart situation signals a loss in confidence that bank-sponsored deals would be supported by ...more Asset Securitization Report--SourceMedia (3/3/2008)
	Russia's MBRD Closes First Auto Loan Facility With originators from the Commonwealth of ndependent States unwilling to accept today's spreads in the primary market, warehousing remains the name of the game. But the word is that certain Western banks, grappling with capitalization ...more Asset Securitization Report--SourceMedia (2/25/2008)
	Poland Prices First ABS Deal for the Year: Latest Polish auto ABS deal gives ray of hope to the volatile market The first securitization deal from the Central and Eastern European (CEE) region - a 280 million ($408 million) auto leasing deal for Raiffeisen Leasing Polska, the Polish leasing subsidiary of Raiffeisen International - closed earlier this month. ...more Asset Securitization Report--SourceMedia (2/18/2008)
	New Opportunities for Euro Covered Bonds: Euro players are keen to get their systems updated as the market starts normalizing Traditionally liquid triple-A products, European covered bonds have not escaped the credit market turmoil. Covered bond market-making came under scrutiny last year as secondary activity was suspended to avoid undue acceleration of spread widening. ...more Asset Securitization Report--SourceMedia (2/11/2008)
	Euro Covered Bonds Survive Crisis As more banks realize the liquidity potential in European covered bonds, issuance volumes are expected to rise in 2008. "We are expecting it to be a very significant year, not just for the U.K. and Europe but around the world," said Peter Voisey, ...more Asset Securitization Report--SourceMedia (2/4/2008)
	Emerging From Distress: Euro Issuers Stir Still Waters Bad news continues to hit the ABS sector. Nonetheless, in these times of economic stress, securitization could still be used as a viable financing tool. But how can investors be lured back? "We remain convinced that despite some of the ...more Asset Securitization Report--SourceMedia (1/28/2008)
	Ruble CLO Sets Sight on Westerners...and Waits: Attracting foreign interest would generate buzz for a second transaction Arranger Unicredit Aton International hopes the anxiety of Western European investors will ease soon enough for them to consider a slice of a short-term cash CLO of Russian SMEs that closed at the end of December. "We are holding a small piece on a ...more Asset Securitization Report--SourceMedia (1/21/2008)
	Deal Flow In U.K. Credit Cards Still Slow: Euro Credit Card borrowers get their act together despite the lack of credit card deals Securitization investors aren't the only ones getting jittery in the current credit environment. The negative headlines that dominated 2007 seem to be making consumers nervous, and this edginess has translated into scarce deal flow for credit card ABS. ...more Asset Securitization Report--SourceMedia (1/14/2008)
	Future Flows: The Bloom's Still On. Will New Growth Follow? As one of the ugliest chapters in the history of securitization is being written, its hapless authors haven't had to devote much text to financial future flows. Consisting chiefly of diversified payment rights (DPRs) originated by emerging-market ...more Asset Securitization Report--SourceMedia (1/7/2008)
	More SIV Restructuring Solutions Surface: Program sponsors become more proactive in the run-up to M-LEC Individual restructurings continue across the SIV sector as sponsors take a more proactive stance in the run-up to M-LEC. Last week, Rabobank and Societe Generale announced proposals that would help their respective vehicles avoid enforcement. ...more Asset Securitization Report--SourceMedia (12/17/2007)
	Is Buy-to-Let a Pending European Crisis? The U.K. has seen buy-to-let (BTL) loans flourish in recent years. This product has become a popular and profitable investment with the residential housing boom. However, new entrants to the sector are caught in a confluence of rising interest ...more Asset Securitization Report--SourceMedia (12/10/2007)
	SAI Aims to See Forest for Trees A few Mexican players have locked their sights on a virgin patch of ABS terrain, and, if they have their way, it'll be covered in trees within a few years. Structurer SAI Consultores has teamed up with placement agent Credit Suisse in a deal that ...more Asset Securitization Report--SourceMedia (12/3/2007)
	Consumer Debt Mania in Mexico and Brazil: What Does It Mean for ABS? Once exclusively available to the well-to-do, credit has been descending the socio-economic ladder in Mexico and Brazil during the past few years. Easing interest rates and healthy growth, among other factors, are inducting more low-to-middle ...more Asset Securitization Report--SourceMedia (11/26/2007)
	Prepayments Soar in Italian Mortgage Market: Bersani Decree increases prepayment volume; Euro ABS gets a boost The Italian Bersani Decree, which eliminates prepayment penalties on certain mortgages, has set off the highest rate of prepayments since 2000, according to Standard & Poor's. The bump is providing some lift to investors in an otherwise sluggish European ...more Asset Securitization Report--SourceMedia (11/19/2007)
	Kazakhstan may give monolines fresh trouble As if the monoline insurers don't have enough on their minds, they're now facing downgrade reviews from Moody's Investors Service on a slew of structured notes originated by top-tier Kazakh banks Bank TuranAlem (BTA) and Kazkommertsbank (KKB). The deals ...more Asset Securitization Report--SourceMedia (11/12/2007)
	Market Prices First Deal Post Crisis: Euro Market Shows Signs of Life With E-MAC NL, secured by Dutch RMBS European issuers priced the first publicly syndicated securitization since the market virtually came to a standstill last summer. But despite some encouraging signs of interest from the buyside, some say, the relatively small-size issue won't ...more Asset Securitization Report--SourceMedia (11/5/2007)
	Primary Market in Europe Gets Moving Again: Deutsche's pan-European CMBS and Eurosail's RMBS gets things moving, but production still not back to normal The primary market in Europe is beginning to show signs of life after a months-long slump, but the new movement hasn't been enough to lift the mood entirely. Pundits say that the market is still far from being active and more important, attractive. ...more Asset Securitization Report--SourceMedia (10/29/2007)
	New Playbook For Monolines in Mexico For monolines in Mexico, the rules of the game have changed. Last month, FSA, and shortly thereafter MBIA, announced that they had secured licenses to provide wraps locally. Prior to that, FSA and MBIA - like others in the field - had to ...more Asset Securitization Report--SourceMedia (10/22/2007)
	Rising Arrears Show Signs of Trouble in Spain: Spanish housing market expands to risky borrowers, growth in home prices weaken Industry analysts are seeing signs that the slowdown in the Spanish housing market is beginning to leave its mark on Spanish RMBS deals. A report published by Fitch Ratings last week said that the slower growth in house prices weakened the recovery ...more Asset Securitization Report--SourceMedia (10/15/2007)
	Market Ponders Life for Granite After Northern Rock The embattled U.K. bank, Northern Rock, is living on borrowed time. All signs point to a takeover, even if the bank itself continues to send out mixed signals and is rumored to have appointed an administrator in the event of a breakup or a ...more Asset Securitization Report--SourceMedia (10/8/2007)
	Russian Servicing Modernizes, But Old Habits Die Hard The swift rise of Russian RMBS has been a shot in the arm for servicing in the country. Leading banks are turning what was once an unsophisticated and highly personalized business model into an industry with the nimble technology and ...more Asset Securitization Report--SourceMedia (10/1/2007)
	Urgency in ABCP Grips Europe: Will the European ABS market learn from Northern Rock? The Information Management Network couldn't have picked a more opportune time to host its inaugural Global ABCP and SIV's Summit, which was held last week. Against the backdrop of beautiful Paris, a roomful of industry players had ...more Asset Securitization Report--SourceMedia (9/24/2007)
	In One Week, Two European SIVs Face Liquidations The volatility continuing to grip the structured investment vehicle (SIV) sector has forced at least one program to liquidate assets, while others brace for a similar fate. IKB Credit Asset Management (manager of IKB's Rhinebridge SIV) announced ...more Asset Securitization Report--SourceMedia (9/17/2007)
	Mexican Covered Bonds: Issuers to Pick a New Fruit from Funding Tree In their quest for new funding options, Mexican originators are looking to Europe. Covered bonds, which are old hat in the old world, have never been done in Mexico, but players anticipate their arrival. Bankers, particularly those ...more Asset Securitization Report--SourceMedia (9/10/2007)
	Turkey May Securitize Existing Assets in 2008 Moody's Investors Service expects the securitization of existing assets in Turkey to launch in the first quarter of 2008, according to a report by the agency. In March, the Turkish parliament enacted a mortgage law that sets up a framework for ...more Asset Securitization Report--SourceMedia (8/20/2007)
	Euro ABS Suffers A Cruel Summer Despite recent optimism among many European investment bankers and analysts, the Euro market has not been weathering U.S. subprime woes as well as anticipated. Their recent contention that there is room for growth in non-real estate asset ...more Asset Securitization Report--SourceMedia (8/13/2007)
	S&P Forecasts Higher Volumes for EEMEA in 2007 Standard & Poor's expects securitization issuance in EEMEA - Eastern Europe, Middle East and Africa - to keep growing this year, albeit at a slower pace than in 2005 or 2006. In January, S&P predicted that flows in 2007 would climb past ...more Asset Securitization Report--SourceMedia (8/6/2007)
	In the Subprime Uproar, European Spreads Finally Find Their Place The hullabaloo created by the recent aggressive U.S. RMBS downgrades has led to some much-needed price repositioning in European trades. Market ...more Asset Securitization Report--SourceMedia (7/23/2007)
	Euro Cat Bonds: Banking on Disaster The catastrophe market is surging, but not without growing pains. In times of peril, people often react with "either/or" responses. When a storm is about ...more Asset Securitization Report--SourceMedia (7/9/2007)
	New U.K. Leader Raises Currency Questions: Gordon Brown, known for big changes, pushes vision for a uniquely English euro The United Kingdom - home to the CMBS and RMBS juggernaut as well as to London, Europe's financial capital - has a new leader. But the new prime minister, ...more Asset Securitization Report--SourceMedia (7/2/2007)
	SME Financing Gaining Ground And Changing Face: Denmark and Spain emerge as top SME players The recent joint 4.5 billion ($6.4 billion) Danske Bank and KfW Bankengruppe securitization deal on small and medium enterprises (SMEs) ...more Asset Securitization Report--SourceMedia (6/25/2007)
	Kazakh Consumer ABS To Come Dresdner Kleinwort expects to close a consumer loan securitization from Kazakhstan this year, according to Sandeep Reddy, vice-president of the securitized ...more Asset Securitization Report--SourceMedia (6/18/2007)
	European Covered Bonds in Ongoing Changes Covered bonds will continue to grow healthily into 2007, thanks to newcomers and new regulations, despite issuance slowing in some markets. The ...more Asset Securitization Report--SourceMedia (6/11/2007)
	Mexico's Farac To Add New Impulse to ABS The Mexican government will soon start selling off operating concessions for highways that it rescued in the aftermath of the Tequila Crisis of 1994. The first ...more Asset Securitization Report--SourceMedia (6/4/2007)
	Eyes on gringos who own LatAm homes To more and more people in the U.S., buying a place in Latin America is no longer an exotic option for retirement or a second home. This holds particularly ...more Asset Securitization Report--SourceMedia (5/28/2007)
	Mex ABS caters to locals and foreigners At last week's sixth annual Securitization in Latin America Summit held by Euromoney and Latin Finance, a much-discussed theme was the rising participation ...more Asset Securitization Report--SourceMedia (5/21/2007)
	Russia's VTB to revisit RMBS market and bulk up size At press time, Russia's second-largest bank, VTB Group, was in the midst of an IPO that had apparently whipped throngs of locals into a financial mania. ...more Asset Securitization Report--SourceMedia (5/14/2007)
	Brazilian deals hold promise While last week's Information Management Network Spring ABS 2007 conference provided a good primer on the Brazilian structured finance market ...more Asset Securitization Report--SourceMedia (5/7/2007)
	EU committee presents hard-line stance on government-related securitization At the request of the European Union statistical body, Eurostat, the European Committee on Monetary, Financial and Balance of Payments (CMFB) ...more Asset Securitization Report--SourceMedia (4/30/2007)
	OPIC, Greenwich create multiseller for Russian mortgages By dint of geography, London-based bankers are naturally dominating the Russian RMBS game, but not all players on this side of the pond are content to ...more Asset Securitization Report--SourceMedia (4/23/2007)
	International: Argentina climbs higher but still in catch-up mode Securitization in Argentina has been the little engine that could since it sputtered out of the crisis sparked by the central government's default ...more Asset Securitization Report--SourceMedia (4/16/2007)
	Kazakh's BTA To bring 1st DPR Kazakhstan's Bank TuranAlem (BTA) is understood to be coming shortly with a multitranche deal backed by diversified payment rights ...more Asset Securitization Report--SourceMedia (4/9/2007)
	New insurance product makes a case through CMBS The use of title insurance in Europe has, so far, been limited to a few securitization deals. Some observers do not see its use in a market that ...more Asset Securitization Report--SourceMedia (4/2/2007)
	Germany's novel covered bond Landesbank Berlin is set to create a new chapter for German structured covered bonds as it begins premarketing a new transaction that combines German ...more Asset Securitization Report--SourceMedia (3/26/2007)
	Several years down the line, Europe fails to provide lush opportunities for monolines When FGIC set up shop in the U.K., it initially got its feet wet in the CLO market as a means to generate cash flow. Three years down the line, ...more Asset Securitization Report--SourceMedia (3/19/2007)
	AFC margins begin ebbing in Europe Although prepayment rates in CMBS transactions are beginning to level off after climbing higher in 2006, Fitch Ratings said that the levels of ...more Asset Securitization Report--SourceMedia (3/12/2007)
	Turkey takes big step toward MBS The Turkish parliament last week approved a bundle of mortgage-related amendments to current laws. The idea is to promote mortgage origination, ...more Asset Securitization Report--SourceMedia (3/5/2007)
	Cap charge for EM class drops Standard & Poor's last week cut the capital charge applied to monoline insurers across the ratings board for emerging market future flow transactions. ...more Asset Securitization Report--SourceMedia (2/26/2007)
	Deutsche Bank brews first ever CDO of RMBS in Mexico Deutsche Bank has filed with Mexican regulators a first-ever collateralization of local mortgage-backed securities. The prospectus ...more Asset Securitization Report--SourceMedia (2/19/2007)
	ESF members expect more RMBS tightening European RMBS deals could see more price tightening as the market moves toward a full implementation of Basel II. According to results ...more Asset Securitization Report--SourceMedia (2/12/2007)
	Brazil's domestic securitization hits $5.6 billion Brazil's domestic securitization market plowed on in 2006, with total issuance hitting R$11.9 billion ($5.6 billion), according to data provided by ...more Asset Securitization Report--SourceMedia (2/5/2007)
	System errors hatch more problems at Egg Banking Egg Banking reported last week that a system error has led to an understatement in the level of charge-offs in the Pillar trust. According ...more Asset Securitization Report--SourceMedia (1/29/2007)
	Mail-order ABS makes inroads European market maturity may mean more repeat transactions with less innovative structuring, but investors always have room and appetite for first-timers. ...more Asset Securitization Report--SourceMedia (1/22/2007)
	Russia's great leap forward in 2006 Turkey and the former Soviet Union republics branched out in new directions during 2006, producing $9.6 billion in ABS and MBS issuance tracked by ...more Asset Securitization Report--SourceMedia (1/15/2007)
	European market innovations center on CMBS As the European securitization market matures so does its repertoire of deals. Gone are the days of extreme innovation. Instead, the market is ...more Asset Securitization Report--SourceMedia (1/8/2007)
	Euro ABS market still busy pricing deals as December wraps up As December lunges into its year-end rally, investors still have plenty of choices left that are looming in the pipeline. At the start of last ...more Asset Securitization Report--SourceMedia (12/18/2006)
	S&P's new criteria for corporate ABS Rating uninsured structured transactions backed by single corporate loans to the triple- A level has, until now, has not been possible. ...more Asset Securitization Report--SourceMedia (12/11/2006)
	Chinese regulators give nod to NPL deals In a widely anticipated move, People's Bank of China (PBOC) and China Banking Regulatory Commission (CBRC) have given the green light to two ...more Asset Securitization Report--SourceMedia (12/4/2006)
	Russian bank preps Ruble MBS In the past few quarters Russia has raced past one milestone in structured finance after another. The most recent is a ruble-denominated ...more Asset Securitization Report--SourceMedia (11/27/2006)
	Russian future flows return with Alfa, MDM Before last week, a consistently muscular showing from Russia's existing assets had knocked future flows from the country out of the ring. ...more Asset Securitization Report--SourceMedia (11/20/2006)
	CDOs vulnerable to private equity Leveraged financing is fuelling a significant expansion of the European private equity market. But the increasing level of debt used to finance private ...more Asset Securitization Report--SourceMedia (11/13/2006)
	Metrofinanciera makes news, but not all of it's good Mexico's Metrofinanciera has been attracting a good deal of attention lately. The real estate finance company has entered a non-binding agreement to ...more Asset Securitization Report--SourceMedia (11/6/2006)
	Italian downgrade dunks some ABS names too Recent downgrades of the Republic of Italy by two major rating agencies has contaminated the ABS sector, pressuring not only several Italian credit ...more Asset Securitization Report--SourceMedia (10/30/2006)
	Covered bonds flood Euro market A high number of newcomers are currently making their covered bond debuts in rapid succession. From the U.K., Yorkshire BS and HSBC are ...more Asset Securitization Report--SourceMedia (10/23/2006)
	European consumer ABS performance continues to weaken Fitch Ratings announced the launching of its new rating methodology for European consumer ABS transactions that incorporates Fitch's Default ...more Asset Securitization Report--SourceMedia (10/16/2006)
	The return of the prodigal asset An Argentine province is doing its part to take the country further away from the debilitating crisis that peaked in 2002. Energy rich ...more Asset Securitization Report--SourceMedia (10/9/2006)
	Home is where the deals are: LatAm Domestic Market Still on Top At Moody's Investors Service Seventh Annual Latin American Securitization Briefing, a shared story emerged among participants. In a nutshell, ...more Asset Securitization Report--SourceMedia (10/2/2006)
	Double-B notes on offer in support of U.K. credit card trusts With deterioration continuing among U.K. credit card trusts, market players are expecting more deals to follow Barclaycard's GBP111.8 million ...more Asset Securitization Report--SourceMedia (9/25/2006)
	Russia forum lays down law At the Russian Structured Finance Investment Forum held here last week, speakers pointed up the legal uncertainties that hang over structured ...more Asset Securitization Report--SourceMedia (9/18/2006)
	Credit Suisse hire signals Asian intent Credit Suisse has moved to regain some lost ground in the ex-Japan Asia securitization scene, which stagnated after the departure of Greg Park as ...more Asset Securitization Report--SourceMedia (9/11/2006)
	NPL ABS tipped in China According to the latest reports from the People's Republic of China, the next wave of pilot securitizations by financial institutions ...more Asset Securitization Report--SourceMedia (8/21/2006)
	Russian Standard leads spillover of consumer finance boom into ABS Oil and gas aren't the only gushers in Russia these days. Structured finance is bubbling forth like a hot new energy source, with HVB forecasting that ...more Asset Securitization Report--SourceMedia (8/14/2006)
	Genworth provides first foreign insurance in primary Mexican RMBS Last week, Genworth Financial became the first foreign mortgage insurer to enhance an RMBS in Mexico in the primary market by providing insurance that ...more Asset Securitization Report--SourceMedia (8/7/2006)
	New blood in DPR bonds Rising interest rates and the eruption of war in Lebanon and Israel has persuaded many players in Turkish structured finance that it would be better to ...more Asset Securitization Report--SourceMedia (7/31/2006)
	Argentine volumes up but asset diversity a challenge Argentina was the little engine that could in the first quarter. Four years into a robust economic recovery, securitization issuance totaled Ps3.2 billion ...more Felipe Ossa, Asset Securitization Report--SourceMedia (7/24/2006)
	Cross-border EM in 1H06: The East pulsates, LatAm sputters The region of the ex-Soviet Union, Turkey and Eastern Europe bubbled with cross-border activity in the first half of the year, yielding $4.2 billion ...more Felipe Ossa, Asset Securitization Report--SourceMedia (7/17/2006)
	SALE debuts Asian aircraft ABS Singapore Aircraft Leasing Enterprise (SALE), provider of financing for over 50 airlines worldwide, wants to position itself as a regional leader in ...more Rob Davies, Asset Securitization Report--SourceMedia (7/10/2006)
	Woolly outcome for Aries The fate of Aries Vermogensverwaltungs appeared to be more or less sealed when the Russian Federation recently announced that it would buy back all ...more Felipe Ossa, Asset Securitization Report--SourceMedia (7/3/2006)
	Is acquisition financing in the cards for Asian ABS? Deal makers in the ex-Japan Asia region are hopeful a new asset class - acquisitions financed through securitization - may emerge in the near future. ...more Rob Davies, Asset Securitization Report--SourceMedia (6/26/2006)
	Ambac's ready for Mexico peso action The charms of Mexico's domestic market have already captivated XLCA and MBIA. Now it's Ambac's turn. The monoline insurer is working on one transaction ...more Felipe Ossa, Asset Securitization Report--SourceMedia (6/19/2006)
	Russia RMBS gets split rated Two major rating agencies last week issued ratings on what could be Russia's first public RMBS. Vneshtorgbank (VTB) secured a split BBB+'/'A2' from ...more Felipe Ossa, Asset Securitization Report--SourceMedia (6/12/2006)
	Market for first loss mortgage equity heats up in Europe As the market for first loss in mortgage equity transactions heats up on the public front via some recent U.K. deals, so has the interest among buyers ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/5/2006)
	DPR deals shrug off turmoil - for now Emerging markets have stumbled into a volatile patch, with some leading stock indices and currencies down by double-digit rates over the last few weeks. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (5/29/2006)
	The good times roll for LatAm issuers Latin American telenovelas often follow a Cinderella narrative: young heroine is poor and mistreated; she meets a moneyed suitor; she blossoms into a ...more Felipe Ossa, Asset Securitization Report--SourceMedia (5/22/2006)
	ABS a la Mexicana A brisk securitization business in Mexico continues to beckon players from abroad, with monoline insurers, arrangers and even hedge fund investors unable ...more Felipe Ossa, Asset Securitization Report--SourceMedia (5/15/2006)
	Onshore assets ripen in Turkish spring Last year, Turkey turned the landscape of offshore future flows into its virtual fiefdom. Now Turkish issuers appear to be marching on to existing ...more Felipe Ossa, Asset Securitization Report--SourceMedia (5/8/2006)
	Euro banks tap growing Dubai ABS Dubai is set to become the gateway into Middle Eastern securitizations as a number of European-based firms take up residence in the emirate, eagerly exploring ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/1/2006)
	Reserves tapped in U.K. subprime Drawing on reserve funds has become more common among U.K. subprime RMBS transactions, with two deals siphoning cash just this month and others likely to ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/24/2006)
	MBIA taps Mexico shelf for first time MBIA has made a debut placement off its Mexican shelf, the first issuance program a guarantor has set up in pesos. The kickoff deal, for toll road ...more Felipe Ossa, Asset Securitization Report--SourceMedia (4/17/2006)
	Mexico remains ABS center of LatAm universe Mexico remains the undisputed nerve center of securitization in Latin America. Since the last week of March, the peso market has absorbed Ps2.9 billion ...more Felipe Ossa, Asset Securitization Report--SourceMedia (4/10/2006)
	ESF panel discusses trends in Euro ABS A poll on the major trends in European securitization for 2006 conducted at the European Securitization Forum's third annual meeting returned one perfectly ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/27/2006)
	Still a bumpy ride for Basel II As the securitization industry enters the final leg of discussions before the 2007 implementation of the new Basel accord, there are still a number of issues ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/20/2006)
	Europe's primary pipeline starts to pick up Europe's primary pipeline gathered more momentum last week as several deals began marketing, but the pace is less frantic than in 2005 as a handful ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/13/2006)
	European RMBS rebounds in February According to Deutsche Bank research, European RMBS issuance volumes rebounded last month with nine new issues totaling 11.9 billion ($14.2 billion) priced ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/6/2006)
	ABN builds RMBS base in Kazakhstan ABN AMRO has crafted the first true sale of Kazakh mortgages to a cross-border SPV, paving the way for an RMBS that could turn out to be Kazakhstan's first ...more Felipe Ossa, Asset Securitization Report--SourceMedia (2/27/2006)
	A first in shipping ABS is anchored CMA CGM S.A., the world's third largest container shipping company, completed the first public shipping securitization in the industry last week. ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/20/2006)
	In Europe, ebb of deal flow The focus last week in Europe was on pricing, with little activity on the primary pipeline by the end of the week. The secondary markets were also quiet. ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/20/2006)
	Russian bank said to issue RMBS deal Longing is an emotion romanticized in the renowned works of Russian literature, but not by time-pressured players of high finance stalking Moscow for deals. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (2/13/2006)
	European spreads at tight levels Primary pricing spread edged closer to the tight levels seen this time last year in Europe with issuance volumes almost on par with levels seen a year ago. ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/13/2006)
	Swiss Re, AXA lead wave of innovation among European insurance deals A recent study led by the Group of Thirty - an international body that includes senior representatives of the private and public sectors and academia - ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/6/2006)
	Lebanon's new ABS law has plenty of issues to be worked out Lebanese economic reforms feature a new securitization law that shows off the new government's willingness to modernize its capital markets. However, ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/30/2006)
	Cross-border EM wrap for 2005: Issuance tables talk Turkey Cross-border emerging market issuance shifted on a tectonic scale last year, as new markets sprouting in the East fueled a migration of players from Latin America ...more Felipe Ossa, Asset Securitization Report--SourceMedia (1/23/2006)
	New structure weds whole ABS & CMBS European corporate securitizations are poised for another slow year, with bank lending remaining the financing route of choice. And volumes could be further ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/16/2006)
	Santander said eying MBNA credit card ops bought from Abbey In a move that could cost Banco Santander Central Hispano at least GBP289 million ($507 million), the Spanish bank is looking to purchase the credit card ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/9/2006)
	EEMEA 2006: Existing assets ripe for intelligent design The region encompassing Eastern Europe, the ex-Soviet Union, and the Middle East is expected to continue evolving next year, particularly in existing assets. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (12/19/2005)
	European issues set to hit $350 bn in 05 as pipeline brims European ABS volumes look ready to hit another record this year - nearly $350 billion according to market sources - as the December pipeline resists ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/12/2005)
	Yet another round from Turkish banks U.S. investors may be sated with turkey so soon after Thanksgiving, but the eponymous country is providing plenty to nibble on. Turkiye Is Bankasi ...more Felipe Ossa, Asset Securitization Report--SourceMedia (12/5/2005)
	Munich Re issues second wind deal Reinsurer Munich Re said last Monday that it privately placed 110 million ($129 million) of risk-linked securities to provide protection against severe ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/28/2005)
	Argentine debt piles into ABS Banks in Argentina are offloading government debt into securitizations as a way to cut their exposure and provide liquidity to obligations that ...more Felipe Ossa, Asset Securitization Report--SourceMedia (11/21/2005)
	China gears up for year-end rally Issuance from Asia has been fairly quiet of late, but behind the scenes deal makers are busily putting the final touches on a series of high profile ...more Rob Davies, Asset Securitization Report--SourceMedia (11/14/2005)
	Securitization a mainstay for EU governments European statistical office Eurostat, said last month that it was in the process of revising its ESA95, the accounting criteria for government ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/7/2005)
	U.K. tackles Interchange Fees With the Office of Fair Trading's statement this month that credit card interchange fees breach both U.K., and European Union competition laws, ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/31/2005)
	Tube delays could impact finance notes The London Underground transport delays are not just a headache for commuters. Last week's suspension of Northern Line services threatened to ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/24/2005)
	Northern Rock unloads first-loss positions Northern Rock's plan to sell the majority of its first loss positions from outstanding RMBS deals should greatly improve the mortgage lender's ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/17/2005)
	DPRs hit, warm to Eurasia Diversified payments rights have grown into a pillar of emerging market structured issuance over the last decade. DPR deals have totaled over ...more Felipe Ossa, Asset Securitization Report--SourceMedia (10/10/2005)
	Origination evolves in Mexico The nascent RMBS market in Mexico has stirred interest in upstream activities like co-financing between private and state-owned originators, ...more Felipe Ossa, Asset Securitization Report--SourceMedia (10/3/2005)
	Chihuahua barks up a different tree The Mexican state of Chihuahua securitized toll road receipts in two deals in 2002 and returned last year to tap the excess flows from those structures. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (9/26/2005)
	Zoomp to show market its assets It's never been more stylish to securitize your assets in Brazil. Local clothing label Zoomp is ready to thread its way into the capital market ...more Felipe Ossa, Asset Securitization Report--SourceMedia (9/19/2005)
	Making payments pays off for Salta While scores of Argentine issuers queued up before investors to restructure their debt after the catastrophic devaluation of December 2001, ...more Felipe Ossa, Asset Securitization Report--SourceMedia (9/12/2005)
	China heats up as Unicom enters fray Given the high-level regulatory backing for China's two pilot securitization schemes, the mortgage-backed offering by China ...more Rob Davies, Asset Securitization Report--SourceMedia (8/22/2005)
	GMAC Financiera finds European demand for Mexican MBS For the second time, Mexico's GMAC Financiera has placed a piece of a local-currency RMBS with offshore investors, according to a ...more Felipe Ossa, Asset Securitization Report--SourceMedia (8/15/2005)
	New law brings Germany on level playing field Germany enters August with the promise of a broader securitization market, thanks to recent changes made to its true-sale ...more Nora Colomer, Asset Securitization Report--SourceMedia (8/8/2005)
	Thai deals on track despite rate hike Prospective Thai issuers will go forward with their securitization plans, despite the Central Bank's recent move to raise interest rates. ...more Rob Davies, Asset Securitization Report--SourceMedia (8/1/2005)
	HSBC CC program trips spread triggers HSBC's U.K card program, Affinity 001, saw its 4% excess spread trigger breached last week, causing further cash trapping, but analysts ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/25/2005)
	EFG Eurobank prices first Greek revolving credit card ABS: Trend could spread through continental Europe EFG Eurobank last week priced its first revolving credit card deal from the Karta Master Trust structure, which through structural ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/18/2005)
	EEMEA to serve up non-Turkish fare For those who've had enough Turkey, the EEMEA region will soon offer fresh alternatives. Egyptian General Petroleum Corp. is prepping to join the future-flow big leagues, ...more Felipe Ossa, Asset Securitization Report--SourceMedia (7/11/2005)
	RMS news spurs U.K. subprime tiering Kensington Mortgages announced in its latest investor report that its RMS 15 and 16 U.K. nonconforming RMBS deals had tapped the ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/4/2005)
	1st Indonesian ABS since 1997 prices Indonesian energy company PT Bumi Resources priced last Wednesday the country's first international securitization since the Asian Financial Crisis hit in 1997 ...more Rob Davies, Asset Securitization Report--SourceMedia (6/27/2005)
	Spread debate dominates Global ABS Conference in Barcelona For every good party, there are swarms of uninvited just waiting to crash it. And as one participant at Information Management Network's ninth annual Global ABS Conference' held here said last week, ...more Allison Pyburn, Asset Securitization Report--SourceMedia (6/20/2005)
	Indonesian coal ABS surprises In a move that has caught most ex-Japan Asian bankers by surprise, Indonesia will shortly see its first securitization since the Asian financial crisis took hold in 1997. ...more Rob Davies, Asset Securitization Report--SourceMedia (6/13/2005)
	New CMBS warehousing facility in Europe Cadwalader, Wickersham & Taft putting the finishing touches on a new CMBS warehousing facility for CMBS and commercial property loans throughout Europe - the first of its kind in Europe. ...more Asset Securitization Report--SourceMedia (6/6/2005)
	Covered Bonds: here, there and very soon everywhere in Europe Italy has completed the first phase of introducing its new structured covered bond legislation, making way for the large issuance most industry players ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/30/2005)
	XLCA wraps first hospital PFI XLCA-U.K. swam deeper into U.K. PFI waters last week, wrapping its first hospital deal - the GBP313 million ($574 million) Newcastle Hospital PFI. ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/23/2005)
	GM and Ford fallout: Where the European deals stand The General Motors Corp. and Ford Motor Co. fallout put corporate market volatility in the spotlight last week, ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/16/2005)
	Pub ABS deals hold steadfast, despite uncertainty in sector Standard & Poor's last week affirmed the ratings of Pubmaster Finance Ltd and Punch Taverns Finance Plc, following the release of ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/9/2005)
	Dubai appetite expanding: UAE RMBS hitting U.S. shores The global expansion of securitization markets continues with the first-ever Dubai, United Arab Emirates-originated loan backed offering hitting U.S. investors' desks this month, as well as the recent pricing of a ...more Kevin Donovan, Asset Securitization Report--SourceMedia (5/2/2005)
	Doubters pour scorn over Taiwanese mega deal In a possible effort to emulate its peers in Hong Kong, Malaysia and Singapore, the Government of Taiwan wants to establish its own securitization program. ...more Rob Davies, Asset Securitization Report--SourceMedia (4/25/2005)
	Singapore SPRINGs into ABS market After a hectic Easter period on the ex-Japan Asian securitization scene, activity slowed last week. Behind the scenes, however, ...more Rob Davies, Asset Securitization Report--SourceMedia (4/18/2005)
	Three for Thai government ABS After receiving initial interest from 25 banks, the Government of Thailand has short-listed three bidding consortiums for its proposed ...more Rob Davies, Asset Securitization Report--SourceMedia (4/11/2005)
	Record spreads set in Korea The week leading up to Easter marked something of a watershed for the Asian securitization business, with several deals smashing previous ...more Rob Davies, Asset Securitization Report--SourceMedia (4/4/2005)
	Japan ABS heats up There was plenty of ABS activity in Japan last week. One of the more interesting transactions launched was a massive 120 billion ($1.1 billion) synthetic CLO issued by Sumitomo Mitsui Banking Corp. ...more Rob Davies, Asset Securitization Report--SourceMedia (3/28/2005)
	Patience pays off for HSBC in Malaysia After one of the most drawn-out mandate processes in Asian securitization history, Cagamas, Malaysia's state-run secondary mortgage agency, has ...more Rob Davies, Asset Securitization Report--SourceMedia (3/21/2005)
	Aussie RMBS market continues to capture Europe's attention Australian RMBS market fundamentals are not too far off the mark when compared to the story in Europe, which could be making European investors more comfortable with buying these deals. ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/14/2005)
	China MBS becoming a reality China Construction Bank, one of the People's Republic of China's Big Four state-owned commercial banks, looks increasingly likely to launch its long-awaited pilot MBS ...more Rob Davies, Asset Securitization Report--SourceMedia (3/7/2005)
	Malaysian Islamic MBS moves along The outlook for Islamic securitization seems ever brighter, as Malaysia's Cagamas continues deliberating over which banks will handle its ...more Rob Davies, Asset Securitization Report--SourceMedia (2/28/2005)
	New EU entrants become a point of focus for ABS growth As the European ABS markets reach a point of critical mass, looking at other regions could bring the much-needed alleviation from oversupply that some investors need to create asset ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/21/2005)
	GHLC to increase MBS issuance in 05 In Japan, the proposed bill on establishing an independent agency to replace the Government Housing Loan Corp. is expected to pass during ...more Rob Davies, Asset Securitization Report--SourceMedia (2/14/2005)
	Cagamas calls for SME proposals, but still no word on Islamic ABS Cagamas, Malaysia's state-controlled secondary mortgage agency, has sent out RFPs for a deal backed by loans to small and medium sized entities. ...more Rob Davies, Asset Securitization Report--SourceMedia (2/7/2005)
	Getting on the legal train: Europe's securitization evolution The legal evolution of securitization laws among European countries has provided a much-needed platform for structural innovation, as well as bridging the gap of jurisdictional nuances, ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/31/2005)
	Kookmin lines up rare Asian balance sheet CLO Kookmin Bank is readying what would be the country's first synthetic balance sheet CLO, sources report. The bank, which lists Euro-Pacific Growth Fund and ING among its major shareholders, ...more Rob Davies, Asset Securitization Report--SourceMedia (1/24/2005)
	European insured ABS volumes to increase in 2005 Roughly 10% of funded European ABS issuance for 2003 carried a wrap by one of the three major monolines - Ambac, FSA and MBIA, according to a report on European monocline activity by Merrill Lynch. ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/18/2005)
	A busy year on the European securitization front It was a busy beginning to 2005 and a busy end for 2004, with market estimates nearing 210 billion ($276 billion) for total 2004 issuance. ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/10/2005)
	2004: A banner year for Euro ABS The European securitization market prepares to exit another landmark year, with industry estimates of 205 billion ($272 billion) being placed this year ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/13/2004)
	TSI vehicle drives Volkswagen spreads tighter Market pundits doubting the efficiency of the German True Sale Initiative need only reference Volkswagen Bank's latest auto-loan securitization, Driver One GmbH. ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/6/2004)
	Hong Kong sees 1st negative equity MBS Hong Kong's Pan Asian Mortgage Company recently launched what is believed to be the world's first securitization of negative equity residential mortgages. South Africa's Standard Bank is arranging the HK$260 million issue ($33.5 million), its first securi ...more Rob Davies, Asset Securitization Report--SourceMedia (11/22/2004)
	Destination still unknown for ex-Nomura chief Chau Despite widespread speculation linking Nomura Securities' departing head of non-Japan Asia securitization Chris Chau to the same role at HypoVereinsbank ...more Rob Davies, Asset Securitization Report--SourceMedia (11/15/2004)
	Russia's first financial future flows prices, a new step for infant market Nudging along the nascent business of Russian future flows, Merrill Lynch led a $225 million, five-year final securitization of credit card receivables last week, ...more Felipe Ossa, Asset Securitization Report--SourceMedia (11/1/2004)
	HK Mortgage prices inaugural retail MBS Hong Kong Mortgage Corporation (HKMC), the territory's secondary mortgage agency established in 1997, has completed the latest deal from its Bauhinia MBS vehicle. ...more Rob Davies, Asset Securitization Report--SourceMedia (10/25/2004)
	Moody's enters Russian future flow Moody's Investors Service is not going to let the promise of Russian future flows slip away. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (10/18/2004)
	LatAm 3Q04 supply focused on DPRs Latin American exporters shunned cross-border securitization in the third quarter and banks picked up some of the slack. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (10/11/2004)
	Bigger than it looks: A CLO first stands out Even amid strong supply, a relatively small deal - a synthetic CLO of U.K. project finance loans offering GBP31.75 million ($57 million) in funded notes ...more Bonnie McGeer, Asset Securitization Report--SourceMedia (10/4/2004)
	Taiwan auto deal sets new benchmark Jih Sun International Bank, the commercial banking unit of Taiwan's Jih Sun Financial Holding Company, last week completed its debut cross-border deal. ...more Rob Davies, Asset Securitization Report--SourceMedia (9/27/2004)
	Russia lumbers towards ABS market: Hopeful players take axe to tough legal obstacles For securitization devotees, Russia has long been a story of unfulfilled potential. Sounding like the inert characters of a Chekhov play, ...more Felipe Ossa, Asset Securitization Report--SourceMedia (9/20/2004)
	Egg orders sunny-side up for U.S. roadshow U.K.-based Internet credit card issuer Egg Banking brings the roadshow for its latest credit card deal to the U.S. this week, ...more Bonnie McGeer, Asset Securitization Report--SourceMedia (9/13/2004)
	Ignoring cross-border sloth, Brazil's domestic ABS stays brisk Obeying the rhythms of the Southern Hemisphere, Brazil's domestic ABS market has been bustling, while cross-border issuance from the country has fallen victim to the dead calm that typically preys on Europe and the U.S. in August. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (8/23/2004)
	Ofwat sets U.K. water tariffs U.K. water and sewerage regulator Ofwat announced last week its preliminary price determination regarding how much a British water company is allowed to charge over a five-year review period that begins April 2005. ...more Nora Colomer, Asset Securitization Report--SourceMedia (8/16/2004)
	ABS exit seen post RSA sale Royal & SunAlliance (RSA) last week announced the sale of its life insurance business to the privately owned startup company Resolution Life Group. ...more Nora Colomer, Asset Securitization Report--SourceMedia (8/9/2004)
	JPMorgan and Morgan Stanley back in Asia - a smart move? Major players in the ex-Japan Asia securitization business are sending mixed messages. Last month saw the departure of Greg Park from Credit Suisse First Boston; with the bank making no move to replace its head of Asian ABS. ...more Rob Davies, Asset Securitization Report--SourceMedia (8/2/2004)
	Asia rife with activity, as Singaporean REITs issue CMBS Most of the buzz in Asia last week centered on Singapore, as two of the city-state's real estate investment trusts (REIT) launched CMBS transactions. ...more Rob Davies, Asset Securitization Report--SourceMedia (7/26/2004)
	Gazprom to mine new field: ABS Russia's first publicly rated future-flow deal is coming. On roadshow last week in Europe and this week in the U.S, Gazprom International is expected to tap ...more Felipe Ossa, Asset Securitization Report--SourceMedia (7/19/2004)
	European ABS forward calendar tops 15 billion mark The sellside is hoping to price a few deals before the August lull, as trading levels are stabilizing in the secondary markets, according to reports. ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/12/2004)
	Spreads widen as Europe slides into summer mode While the summer nights of 2004 may be cooler than last year's record-breaking highs, the securitization market continues cranking up the heat. ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/5/2004)
	Summer lull to follow Euro ABS deal frenzy A timeout was in order for the European market participants as more than 3,000 of them were in attendance at the recent Barcelona Global ABS conference. ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/28/2004)
	Cross-border buzz surrounds Argentina's Aluar Over the last few months, Argentine aluminum company Aluar has been talking to bankers about a potential export deal in the cross-border market, according to sources. Talks have apparently not crystallized into a mandate however, as key international play ...more Felipe Ossa, Asset Securitization Report--SourceMedia (6/21/2004)
	Pre-marketing deals spill into Spain The European new-issue pipeline remained impressively packed last week heading into the global ABS conference, held annually at Barcelona by Information Management Network. ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/14/2004)
	An uneasy look at U.K. master trusts as spreads show slight widening As U.K. master trust issuance climbs to unprecedented levels, market analysts are taking a closer look at the structure and how it has evolved over the last year. ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/7/2004)
	European primary market offerings still on the thin side May issuance in the European ABS market saw volumes predominately led by RMBS paper, making up about 80% of supply this month. ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/31/2004)
	Buildup to Barcelona picks up some steam European ABS primary market issuance was fuelled last week by a number of large RMBS deals, with spread indications still pointing to strong investor demand. ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/24/2004)
	Primary market dominated by RMBS deals Guidance came out last week for Northern Rock's Granite master trust deal, which is prepping to price by month-end. Little else was new on the primary front, despite talk over the past few weeks of a building pipeline. ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/17/2004)
	All quiet on European front, but not for long The May Day holiday-shortened week saw little activity on both the primary and secondary markets, but sources said the rest of May looks set to bring significant volume, as a number of transactions were on the sidelines, preparing to circulate before the ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/10/2004)
	SCIP 2 soft seniors extended: Deal misses full repayment despite cash injection Having extended the principal repayment for its A1 class, which hit soft maturity last week, the Republic of Italy's SCIP 2 is starting to look like one of global securitization's most tragic comedies, ...more Mike Gregory, Asset Securitization Report--SourceMedia (5/3/2004)
	Pickup in primary activity on Euro ABS front The week started off slow for European ABS market activity, but by midweek a number of deals hit the pipeline, promising an uptick in volume from the slowdown experienced since Easter. ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/26/2004)
	Mexican RMBS entices IDB Yet another global player has succumbed to the charms of Mexico's RMBS market. The Inter-American Development Bank (IDB) is in talks to provide a liquidity facility for a deal ...more Felipe Ossa, Asset Securitization Report--SourceMedia (4/19/2004)
	Outlook remains positive as European market flow slows There was little variation in the pricing scenario last week, as both the European primary and secondary ABS markets quieted down. Spreads held firm and market sources expect activity to resume on the same note after the break. ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/12/2004)
	New investors continue crunching spreads First quarter issuance topped the 61 billion (US$75 billion) level, though the mountain of new issues has had little impact on the tightening bias that took hold this quarter. Things cooled down last week as the market visited Geneva en masse, though the ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/5/2004)
	Abbey prices Holmes, triple-A RMBS spreads stabilize Concerns that Abbey National plc's unsecured debt ratings downgrade might impact pricing for its subsequent securitization became unfounded last week as its latest deal priced in line with HBOs' Permanent Financing 4. ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/29/2004)
	Is the RMBS market showing signs of stabilizing? With the euro-denominated tranche of HBOs Permanent Financing bid slightly below par, market sources say the hefty upcoming pipeline is beginning to weigh on the market. ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/22/2004)
	Euro ABS spreads hold tight; market players wonder for how long? While spreads for The Permanent Financing No. 4 reached the tightest pricing levels among any U.K. MBS seen this year, how long the tightening bias will continue is a matter of speculation. ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/15/2004)
	Taiwan hits a homer with the country's first RMBS deal Taiwan closed its first residential mortgage-backed securitization last week, and sources say at least two more are on the way. It is the start of what some believe could be a busy year for the developing asset-backed market in that country. ...more Bonnie McGeer, Asset Securitization Report--SourceMedia (3/8/2004)
	Prices continue to hold as pipeline builds for March calendar With the lack of substantial February volume, deals priced well within initial guidance. Many were oversubscribed and revised to reflect the strong investor demand. ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/1/2004)
	February falls short of pace set previous month February issuance should fall behind the record-setting 15 billion (US$19 billion) in pricings during January this year, but this is no signal of an overall slowdown. ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/23/2004)
	Steady volume holds in Europe: New issues continue to see strong demand in the European marketplace The euro market crave continues. The latest deal to ride the wave of buyside interest was Kensington Mortgages RMS 17. Kensington was oversubscribed and increased by GBP200 million (US$377 million) to GBP340 million (US$642 million), and priced at the tig ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/16/2004)
	Slow February in Europe but pipeline building The typically slow start to the year was replaced instead by rocketing RMBS activity in Europe. While the pipeline remained relatively stagnant during the first week of February, industry sources were already counting on a variety of deals expected to mak ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/9/2004)
	RMBS spreads at all-time low over the past weeks in Europe U.K. RMBS issuance continues to price tightly in heavy demand, setting historical lows for the sector benchmark yields, say industry sources. ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/2/2004)
	Strong demand for U.K. RMBS drives overseas spreads tighter Bonds aimed at U.S. buyers, however Although the European pipeline remains sparsely populated, with just four new issues marketing, the sheer size of the offerings more than makes up for any lack of supply. ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/26/2004)
	European market still keen on RMBS The equivalent of more than US$21 billion of RMBS is expected to price in the coming months. If the tight spread levels forecast for the new deals are any indication of the market's appetite, buyers are more than willing to rekindle a love affair with the ...more Asset Securitization Report--SourceMedia (1/19/2004)
	Brazil returns, Mexico towers If 2003 had an overarching theme in Latin America's cross-border market, it was the return of Brazil. Having shed anxieties over the election of leftist president Luiz Inacio Lula da Silva, Brazilian issuers turned around the dismal mood of late 2002 and ...more Asset Securitization Report--SourceMedia (1/12/2004)
	A look into European Fundamentals for 2004 It was business as usual for European market dealers as a number of transactions rushed to price in the brief repose before the New Year's Eve slowdown. That said, a busy start of the year is expected, as already a number of deals have begun to populate t ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/5/2004)
	Europe gets ready to end '03 with a bang The European pipeline is finally taking a breather, though, with just two weeks left, there's still an estimated E15 billion (US$18.2 billion) of new issues ready to print. ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/15/2003)
	Europe ready to wrap up another busy year On the first day of Christmas the market brought to Europe one Belgium deal, one German true-sale and a whole slate of paper still holding on to the unprecedented year-end tight levels. All jingles aside, investors are gearing up to close books for the ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/8/2003)
	Investors indulge in Dutch RMBS A spread squeeze was the theme for the week in European ABS, as more deals poured into the pipeline, seemingly unaffected by the U.S. holiday-shortened week. ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/1/2003)
	Euro ABS market slowing but still robust, with spreads holding It was another week of heightened activity in the European ABS market, although the pipeline for new deals is closing up as the year comes to an end. Pricing levels remain relatively decent, sources said, despite heavy issuance. The market showed little s ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/24/2003)
	Supply still adding little pressure to European spreads Volumes in 1H of November exceed entire November 2002 HBOS upsized its jumbo RMBS issue, Permanent Financing, last week, increasing the amount of sterling paper and U.S paper available (see related story, p. 10). The deal was upsized by GBP1 billion (US$ 1.6 billion) to GBP4.5 billion (US$7.5 billion). ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/17/2003)
	The week in Europe Permanent Financing to price GBP3.5 billion covered bond Deals continued to inundate the securitization market last week, with several transactions pricing. The pace is expected to ride the market through November. More CMBS deals were added to the pipeline along with what's expected to be the last U.K. CMBS de ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/10/2003)
	Europe eases into November, RMBS trickles off The whirlwind of RMBS deals bombarding the European market over the past several months may soon start to trickle off, as industry players prepare to close the books on 2003. ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/3/2003)
	Double-B opportunity for investors in Euro market Last week kicked off with at least E2 billion (US$2.3 billion) of funded notes circulating the market, so there's plenty of paper still left to price by the end of this month. In keeping with the revival of ABS paper, more corporate paper crams into the a ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/27/2003)
	Euro market maintains solid pipeline It was another busy week, as the European market shows no signs of abating. According to researchers, European supply is running 40% ahead of issuance this time last year, meeting forecasts that places year-end volume for 2003 at E165 billion (US$192.5 bi ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/20/2003)
	Europe sees a week with little sterling but big euro deals circulating At press time last week the new issuance calendar for October had already reached E6.3 billion (US$7.39 billion) with a number of new deals building up in the pipeline. This should set Europe well on its way to reach predicted year-end issuance. ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/13/2003)
	Even cow deals get the blues Cowboys gone bad, dodgy ranch hands and stolen livestock branded with the insignia of sophisticated financial trusts: a corner of Colombia's securitization market is looking awfully like a Western. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (10/6/2003)
	Paper regenerates at the pace of pricing It was business as usual last week in Europe as volumes edged past the E12 billion (US$13.7 billion) mark. By press time several new deals priced and new paper began marketing as well. ...more Nora Colomer, Asset Securitization Report--SourceMedia (9/29/2003)
	Buysiders still bidding in Europe European supply for September has already reached the E5 billion (US$5.6 billion) mark, with a number of robust deals continuing to emerge in the pipeline. The market is sailing toward volume projections predicted for 2003. ...more Nora Colomer, Asset Securitization Report--SourceMedia (9/22/2003)
	Securitization still word of the day for Europe Picking up fuel and adding names to the pipeline, the Euro securitization market is showing no signs of slowing down. Meanwhile, investment banks are hiring in the sector, according to industry reports. ...more Nora Colomer, Asset Securitization Report--SourceMedia (9/15/2003)
	A rush until the end For the past couple of years the European market has been guilty of sifting its largest issues through to the second half of the year. Pair this with a much leaner first half and you have market dynamics that disrupt the supply and demand scenario and sen ...more Nora Colomer, Asset Securitization Report--SourceMedia (9/8/2003)
	Consumer assets warm up the Argentine winter As issuance in the Northern Hemisphere drifts into the seasonal slumber of August, activity on the wintry side of the globe is, if anything, picking up. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (8/18/2003)
	CDOs keep the summer European market hot, hot, hot Just as the Euro market seemed ready for a slowdown, CDO flow is nearly matching London's heat wave ...more Nora Colomer, Asset Securitization Report--SourceMedia (8/11/2003)
	Euro market lets off some steam The European pipeline continued to look relatively busy last week, though there was a notable pause from the gigantic billion-dollar deals seen over the past weeks. ...more Nora Colomer, Asset Securitization Report--SourceMedia (8/5/2003)
	European market nearing E6 billion/wk average Structured credit issuance remains heavy in Europe, with E12.4 billion (US$14.2 billion) priced in the last fortnight, according to BNP Paribas. ...more Francesca Murra, Asset Securitization Report--SourceMedia (7/28/2003)
	European heat wave continues: You've got to wonder, is there a summer break in sight? Though typically during the summer months the European market slows for the sunshine and vacation, the downpour of deals is lasting well into July. ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/21/2003)
	Euro market: KfW moves in on U.K. terrain Flows still remain active as the European market enters the thick of summer. Sources say that the pipeline is still relatively full, with new issues replacing deals as they price ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/14/2003)
	Beyond U.K. credit cards, a whole continent left to securitize European credit cards are evolving into a sizable, homogenous asset class, although, compared to the U.S. counterpart ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/7/2003)
	Europe still busy as ever At the start of last week, volumes in the Euro ABS market for June stood at approximately ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/30/2003)
	No summer slowdown in sight for the Europe ABS market The European securitization industry was back in full swing last week after a brief pause for the early June ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/16/2003)
	Surf & Sand: Barcelona a haven for business and pleasure By noon, when the conference attendees had just managed to shake the weight of a prior night of revelry ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/9/2003)
	Halftime over for soccer ABS Moody's Investors Service downgraded the E95 million class A notes of the Fiordillate insurance-wrapped ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/2/2003)
	European market intends to stay busy in May Over E7 billion worth of ABS has already priced in May, and it's likely that the market will sustain this momentum up ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/27/2003)
	RMBS volumes rocketing beyond U.K. dominance Issuance from Spain promises to surge in the coming weeks, perhaps doubling following a bulging lineup ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/19/2003)
	CDO pipeline grows amid ABS explosion The CDO issuance lag earlier this year seems to have gone the way of winter, with a number of deals pricing last week and several more entering the pipeline ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/12/2003)
	All dressed down with places to go: Petrobras comes unwrapped The stage is set for a serious reunion of U.S. investors and Brazilian structured deals following a meager ...more Felipe Ossa, Asset Securitization Report--SourceMedia (5/5/2003)
	Argie vote unlikely to kill deal recovery : But don't expect miracles The leading contenders in Argentina's presidential election are unlikely to derail a budding recovery in structured finance, most observers said ...more Asset Securitization Report--SourceMedia (4/28/2003)
	Brits consider fixed-rate option While British Chancellor Gordon Brown may be looking at long-term, fixed-rate mortgages as a way to add consumer economic stability ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/21/2003)
	ABS remains a safe haven, provided investors don't stray too far Despite a growing number of credit blowups and a bleak socioeconomic background ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/14/2003)
	Has Europe lost its awe factor? Over 400 securitization professionals gathered here last week to discuss the latest topics affecting the European securitization industry ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/7/2003)
	Rating agencies send disparate messages The war in Iraq may or may not affect the airport operations at London's City Airport - depending on which rating agency provides the point of view. ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/31/2003)
	U.K. rail deals may get tricky The Strategic Rail Authority (SRA) has unleashed proposals for a new U.K. rail sector franchise policy ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/24/2003)
	Mexico's Sofols beckon investors Mexican state housing agency Sociedad Hipotecaria Federal (SHF) is shooing its overgrown children into the arms of private bankers ...more Felipe Ossa, Asset Securitization Report--SourceMedia (3/17/2003)
	Can Italy really securitize it all? Innovation has become a staple for the Italian securitization market ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/10/2003)
	Y tu mama tambien: Mexico's Carso thumbs nose at menacing rates Mexican interest rates had been zigzagging upward since the beginning of the year with talk of a U.S.-led strike against Iraq. But last week was exceptionally ugly. The quickening beat of war drums in Washington shot rates to the sky and bankers scattered ...more Felipe Ossa, Asset Securitization Report--SourceMedia (3/3/2003)
	Euro ABS pipeline unyielding Though six new deals have priced in the European securitization market so far this month ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/24/2003)
	European pipeline steams ahead The primary issues market has virtually deafened secondary market activity ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/18/2003)
	Chilean government payment bond breezes into harsh political climate Under the stormy cloud of a relentless political corruption scandal, Chile's Santander Sociedad Securitizadora issued a bond packed with ...more Felipe Ossa, Asset Securitization Report--SourceMedia (2/10/2003)
	Office Sector deterioration highlights CMBS resiliency While volume in the European CMBS market has risen, property fundamentals are softening ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/3/2003)
	High anxiety: Venezuela's PDVSA totters as strike persists As the war of attrition between Venezuelan president Hugo Chavez and workers on a national strike drones on ...more Felipe Ossa, Asset Securitization Report--SourceMedia (1/27/2003)
	European primary lineup builds, but deals are slow to price Although this month's primary lineup may be somewhat overshadowed by activity in the secondary markets ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/20/2003)
	Argentina's YPF leaves unmarked gift under Christmas tree: Participants keep oil giant's slippery deal under wraps Twas two nights before Christmas and all through the markets, not a creature was stirring well ...more Felipe Ossa, Asset Securitization Report--SourceMedia (1/13/2003)
	Europe ABS put to the test and stands up strong The European ABS market continued to demonstrate depth and maturity in 2002, illustrated by a substantial increase in volume. ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/6/2003)
	When the company crumbles third-party credit risk rumbles EuropeLoan Finance N.V is poised to hit its biggest kink yet with the announcement earlier this month that ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/16/2002)
	UK buy-to-let RMBS still strong The UK buy-to-let market is still going strong, despite the pressures of a deteriorating ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/9/2002)
	Not surprisingly, there's no Thanksgiving break in Europe While the U.S. market took a break to give thanks last week, its European counterpart was busy making headway ...more Nora Colomer, Asset Securitization Report--SourceMedia (12/2/2002)
	More European conduits eligible for post review status By early next year, more European conduit programs will be eligible to receive Moody's Investors Service post review status ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/25/2002)
	Crop season approaches in Argentina: HSBC harvests soy, seed and corn producers into trust Starved for funds, Argentine farmers have bundled their resources into a trust that could herald the return of reasonable financing ...more Felipe Ossa, Asset Securitization Report--SourceMedia (11/18/2002)
	Lower credit enhancements for European CDOs of leveraged loans Leveraged loans are gaining increased visibility in European CDOs, but a lack of historical recovery data for European ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/11/2002)
	Spain goes from saunter to sprint: Upcoming changes promise more depth to ABS structures While RMBS and traditionally structured CDOs have historically driven the Spanish securitization market ...more Nora Colomer, Asset Securitization Report--SourceMedia (11/4/2002)
	UK soccer still scoreless, as ITV Digital collapses Relegation woes are still causing headaches for UK-based soccer team Leicester City ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/28/2002)
	Santiago fogs up skies for region In a grim sign for potential airport deals out of Latin America, Moody's Investors Service cut the underlying public ...more Felipe Ossa, Asset Securitization Report--SourceMedia (10/21/2002)
	Mexico's sleeping giant awakens: First true MBS deal on the way, could hit nearly US$1bn The sleeping giant of Mexico's securitization market is awakening. Once confined basically to bridge loans for construction ...more Felipe Ossa, Asset Securitization Report--SourceMedia (10/14/2002)
	UK subprime ABS sees growth in 2002 The subprime UK mortgage market is growing fast, as the base of participating lenders increases ...more Nora Colomer, Asset Securitization Report--SourceMedia (10/7/2002)
	Once wallflowers, Brazilian funds whirl into securitization spotlight With the run-up to October elections in Brazil wreaking havoc on the currency, interest rates and government bonds ...more Felipe Ossa, Asset Securitization Report--SourceMedia (9/30/2002)
	Brazil's Hampton Solfise readies consumer-loan backed deal Brazilian consulting firm Hampton Solfise has structured a R$136-million (US$39.4 million) senior share issue ...more Felipe Ossa, Asset Securitization Report--SourceMedia (9/23/2002)
	Flood waters rise on German ABS The extensive flooding that hit Central Europe threatened to wash away not only century-old monuments ...more Nora Colomer, Asset Securitization Report--SourceMedia (9/16/2002)
	Federal revenues still de rigueur asset for Mexican muni deals Sticking to structured deals because of a dodgy past as spendthrifts, Mexican sub-nationals are leaning ...more Felipe Ossa, Asset Securitization Report--SourceMedia (9/9/2002)
	Colombia's Fannie Mae takes its time Hesitant to enter an unfavorable market, Titularizadora Colombia is shooting for October at the earliest to issue Colombia's second ever MBS, said a source on the deal. ...more Felipe Ossa, Asset Securitization Report--SourceMedia (8/26/2002)
	Gradual pickup in telecom ABS seen Just two years back, telecom receivables were hailed as the harbinger for European corporate securitizations ...more Nora Colomer, Asset Securitization Report--SourceMedia (8/19/2002)
	Dominican airport ABS ready for flight: First airport revenue deal of its kind finally on runway The latest innovative deal out of Latin America is finally fueling up - this time from the Dominican Republic ...more Colleen Corrigan, Asset Securitization Report--SourceMedia (8/12/2002)
	A robust market ahead for South Korea in second half of 02 The South Korean market seems to be catching on to the securitization game as the market has seen a substantial boost ...more Colleen Corrigan, Asset Securitization Report--SourceMedia (8/5/2002)
	Spread widening: A global ABS trend European primary issuance reached EURO70.2 billion year-to-date last week ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/29/2002)
	Boon seen for French ECP investors French short-term investors will soon have more reason to look beyond the Asset Backed Billet ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/22/2002)
	EM structured finance conference looks at issuer linkage and other topics LONDON - Panelists at Standard & Poor's Latin American and Emerging Markets Forum in here last week identified the key events that have affected the structured finance markets in Latin America ...more Nora Colomer, Asset Securitization Report--SourceMedia (7/15/2002)
	Italy brings first synthetic The first synthetic consumer loan transaction has sprung out of Italy, furthering the rapidly expanding securitization market ...more Colleen Corrigan, Asset Securitization Report--SourceMedia (7/8/2002)
	Spain sees last SME deal of 02, though pipeline is still hot with other ABS deals Seven months into the year, and FTPYME TDA CAM 1 has polished off the Spanish market with the last deal of its kind for 2002 ...more Colleen Corrigan, Asset Securitization Report--SourceMedia (7/1/2002)
	Barcelona conference meets expectations despite airport muddle BARCELONA - World Cup excitement, pending airline strikes and beautiful weather set the stage for this year's sixth annual Global Asset Securitization Conference in Barcelona, Spain ...more Asset Securitization Report--SourceMedia (6/24/2002)
	One size won't fit all: Looking at the evolution of whole business deals While there may not be a common thread in the recent string of downgrades suffered by a number of whole business ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/17/2002)
	Sector Update: European soccer ABS It's the second week into the World Cup and Europe has gone soccer mad, but it's done little to alleviate the problems ...more Nora Colomer, Asset Securitization Report--SourceMedia (6/10/2002)
	Second synthetic hits South Africa If you doubted the market source who recently said the South African structured finance arena is ...more Colleen Corrigan, Asset Securitization Report--SourceMedia (6/3/2002)
	Sale/leaseback deals gain momentum but what does it mean in a securitization? The deterioration of the credit markets in the past year has generated added interest in sale/leaseback transactions ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/28/2002)
	Synthetics, CP reach S. Africa It isn't everyday that you hear about deals in South Africa, though sources say that compared to other ...more Colleen Corrigan, Asset Securitization Report--SourceMedia (5/20/2002)
	Can ABS kickstart Japanese market? Despite the deep recession that Japan continues to endure, securitization has bloomed and may just be the answer to many of the country's existing problems ...more Colleen Corrigan, Asset Securitization Report--SourceMedia (5/13/2002)
	Big numbers posted in European ABS as quarter ends; first Italian football deal launches Quarter-end results show European securitization volumes of deals backed by small tickets and consumer finance ...more Nora Colomer, Asset Securitization Report--SourceMedia (5/6/2002)
	European roundup: Real Value One CMBS prices, a first for the market... There was no barrage of European issuance last week but the market did price a few transactions ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/29/2002)
	ABN AMRO revolutionizes the Australian debt repackaging market with its new vehicle, Rembrandt Commercial property group Mirvac has become the third issuer to approach the Australian commercial mortgage-backed market ...more Roger Hogan, Asset Securitization Report--SourceMedia (4/22/2002)
	HKMC: masters at Asian MBS In December 2001, the Hong Kong Mortgage Corporation (HKMC) launched its $3 billion Bauhinia MBS Ltd. securitization program ...more Leonora Walters, Asset Securitization Report--SourceMedia (4/15/2002)
	A Relegation risk is no big kick to European football ABS, analysts say: Leicester City deal expected to survive As a growing number of European football clubs look to tap the ABS market in the near future, analysts say that the fate of a troubled securitization ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/8/2002)
	Germany legislates to abolish collection permits; opens up true-sale transactions The German Parliament's move to eliminate collection permits for ABS transactions is expected to pass ...more Nora Colomer, Asset Securitization Report--SourceMedia (4/1/2002)
	European asset-backed market prices several Italian deals as pipeline builds; spreads continue to tighten Not many waves, just quiet ripples last week as the European securitization market continued to price a number of deals ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/25/2002)
	Euro ABS pipeline: Following a quiet spell, a storm brews For the last three weeks the European ABS market has been seemingly bereft of new issues ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/18/2002)
	Roadshow totes strong numbers for European ABS Last week at the Morgan Stanley ABS & CDO Research Roadshow here, panelists signaled a thumbs-up on the future of European securitizations ...more Nora Colomer, Asset Securitization Report--SourceMedia (3/11/2002)
	New European issues meet good buyside appetite Nora Colomer, Asset Securitization Report--SourceMedia (3/4/2002)
	Market bewildered by timing of Fitch action against Gordian Knot's SIV: Private negotiation is suddenly played out in the public arena: Is it all a misunderstanding? Structured investment vehicle investors, as well as Standard & Poor's and Moody's Investors Service, have been increasingly perplexed over ...more Adam Tempkin, Asset Securitization Report--SourceMedia (2/25/2002)
	Secondary liquidity freezes for European esoteric classes While the European primary ABS market for vanilla issues has been quite healthy, analysts say that esoteric asset classes have suffered in the secondary markets ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/18/2002)
	RMBS still the largest asset class in European ABS As the European structured finance market matures it is becoming evident that asset-backed securitizations are ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/11/2002)
	Quiet primary European ABS pipeline highlights secondary storm: Value found in Italian and Dutch deals A timid European primary ABS pipeline highlights good buys from a secondary perspective, said market sources. The best bet right now lies on the side of consumer-related products with competitive bids for Dutch RMBS and Italian state ABS. ...more Nora Colomer, Asset Securitization Report--SourceMedia (2/4/2002)
	Australia: NAB offers new vehicle Growth and innovation are set to be major themes in the Australian asset-backed markets again this year ...more Roger Hogan, Asset Securitization Report--SourceMedia (1/28/2002)
	European ABS pipeline augments as prospects for 2002 look good The year-end whirlwind that brought 2001 to a close with record-breaking European ABS issues ...more Nora Colomer, Asset Securitization Report--SourceMedia (1/21/2002)
	Mexico, Brazil and Chile add zing to local Latin markets It's becoming a hot market south of the border as Mexico, Brazil and Chile played some local hard ball ...more Asset Securitization Report--SourceMedia (1/14/2002)
	Latin America: a rough 2001, but a solid year in issuance It wasn't an easy year by any means, as economies across the globe slowed and the world became entrenched ...more Asset Securitization Report--SourceMedia (1/7/2002)
	Aussie roundup: Two debut MBS issuers enter market; Interstar forms Australia's first independent ABCP program AMP Bank, owned by the country's largest funds-management group, has entered the securitization market ...more Asset Securitization Report--SourceMedia (12/17/2001)
	Whither LatAm structured teams? It's been a familiar story across all debt markets over the last two years - amid heavy bank consolidation and a global economic slowdown ...more (12/10/2001)
	Government-related securitizations set to take center stage in Europe Still a relatively new asset class, government-related securitizations in Europe have accumulated only a spotted ...more Asset Securitization Report--SourceMedia (12/3/2001)
	Euro CDO market prepares for worst The "CDO problem" of 2001 - considered to be a largely U.S. phenomenon for most of the year ...more Asset Securitization Report--SourceMedia (11/26/2001)
	Austria drives ABS route, launches first true-sale deal Austria has historically done little by way of long-term securitizations, but last week its first publicly rated EURO400 million ...more Asset Securitization Report--SourceMedia (11/19/2001)
	Latin America Conference: A gloomy look ahead as dark clouds hover over Argentina It's a shaky outlook ahead for Latin American markets - at least that's what the consensus seemed to be at last week's meeting for the 2002 outlook ...more Asset Securitization Report--SourceMedia (11/5/2001)
	Italian conference: Expect more deals In light of Italy's newfound status in European securitizations, there was a lot to say last week at the second annual Issuers & Investors' Summit ...more Asset Securitization Report--SourceMedia (10/29/2001)
	Busy week for European ABS Select Reporter In a mad rush to make fourth-quarter volumes memorable, the European asset-backed securities market has exploded with ...more Asset Securitization Report--SourceMedia (10/22/2001)
	Spain weighs in on global RMBS Diversifying an international RMBS portfolio generally entails investors chomping down on a plethora of U.K. and Dutch transactions ...more Asset Securitization Report--SourceMedia (10/15/2001)
	Lower rates and investors hungry for yield push out new issue spreads; $2.88 billion prices in primary trading Driven by investors seeking additional yield in the face of falling benchmark rates, ABS new issues saw fairly significant widening ...more Asset Securitization Report--SourceMedia (10/8/2001)
	South African law to pass this week South Africa's new securitization law should debut sometime this week, bypassing the usual banter and delay other countries have encountered in ...more Asset Securitization Report--SourceMedia (10/1/2001)
	Event risk strains European CMBS Following the attacks on the World Trade Center, market analysts are united in their best effort to not overshadow the tragedy of the losses suffered ...more Asset Securitization Report--SourceMedia (9/24/2001)
	Will the Italian NPL boom end? By the end of May this year the volume of Italian non-performing loans (NPL) had already risen to EURO1.5 million ...more Asset Securitization Report--SourceMedia (9/10/2001)
	Summer slowdown hits as past two weeks see just $6 billion The summer slowdown was in full effect since ASR last printed on Aug. 20, as weekly issuance totaled $4.3 billion and $1.82 billion ...more Asset Securitization Report--SourceMedia (9/3/2001)
	First Sterling-denominated trade receivables priced, European issuance reaches $59B mark Alliance No.1 headlined last week's European market activity with a GBP100 million trade-receivables transaction that topped yet another ...more Asset Securitization Report--SourceMedia (8/13/2001)
	Citibank finds edge on European project-loan securitizations The European CDO market has been historically dominated by corporate-loan securitizations but the mounting pressures to ...more Asset Securitization Report--SourceMedia (8/6/2001)
	All asset sectors represented in $5.5 bln issuance week New issuance slowed last week, to a total of $5.5 billion ($4 billion priced as of press time), down from the near record $11 billion-plus the week ...more Asset Securitization Report--SourceMedia (7/30/2001)
	European telecoms find saving grace with ABS Telecom Italia's (TI) EURO700 million securitization of landline receivables may be a heaven-sent deal for telecom companies with ...more Asset Securitization Report--SourceMedia (7/23/2001)
	Argentina slips, LatAm to follow? It wasn't long ago that Argentina was a top tier player in the securitization market south of the border, but now that the country is scrambling to save itself from spinning further into the red ...more Asset Securitization Report--SourceMedia (7/16/2001)
	Japanese market comes into its own, 3 trillion expected With more than 1 trillion ($7.96 billion) already issued year-to-date and 3 trillion (about $23 billion) expected for the year ...more Asset Securitization Report--SourceMedia (7/9/2001)
	U.K. water companies encouraged by success of recent deals Debt financing may continue as viable alternative to equity-related refinancing models; Anglian Water Services issues $435 million private placement in the U.S. While U.K. regulators are still partial to the use of equity-related models for the financial restructuring and refinancing of domestic water companies ...more Asset Securitization Report--SourceMedia (7/2/2001)
	Barcelona taxes issuance: $4.1 billion: Mortgage-related product is the focus New issuance slowed last week, as many in the market were in Barcelona attending the global asset securitization conference ...more Asset Securitization Report--SourceMedia (6/25/2001)
	Residential Funding Corp in the U.K. Outside of the U.S., GMAC-RFC has been originating mortgages in the U.K. since 1998, and expects to issue between E700 million and E800 million ...more Asset Securitization Report--SourceMedia (6/18/2001)
	Mortgage ABS dominates market New issuance in the U.S. asset-backed securities market picked up last week, pricing $7.6 billion of ...more Asset Securitization Report--SourceMedia (6/11/2001)
	Argentine debt swap opens the local market The dry Argentine market will soon dampen with deals as some local issuers are mulling over structured transactions in anticipation of ...more Asset Securitization Report--SourceMedia (6/4/2001)
	Principal Residential launches mortgage-backed CP vehicle The use of facilities which issue mortgage-backed commercial paper (MBCP) as a unique funding source is expected to ...more Asset Securitization Report--SourceMedia (5/29/2001)
	Europeans lead in credit derivatives, including new CDO With currency plays and other European trading strategies no longer possible with the advent of a single currency ...more Asset Securitization Report--SourceMedia (5/22/2001)
	Petrobras Rating Evokes Debate In a recent transaction, Moody's Investors Service assigned a Baa1 rating to Petrobras International Finance Co.'s $450 million notes ...more Asset Securitization Report--SourceMedia (5/11/2001)
	U.K. says Yes! to subprime auto SPA Holdings, which trades as Yes! Car Credit (YCC), has originated the first U.K. securitization structured entirely around ...more Asset Securitization Report--SourceMedia (5/7/2001)
	BofA offers product diversity with synthetic CDO A key feature driving the European ABS market from both a buy-side and sell-side perspective is diversity ...more Asset Securitization Report--SourceMedia (4/30/2001)
	Formula One ABS avoids controversy The $1.4 billion bond issue securitized on Formula One revenues should avoid any fallout from the row that has erupted between the company's new ...more Asset Securitization Report--SourceMedia (4/23/2001)
	Moody's scraps SPVs, suggests true sale might not be needed A recent paper released by Moody's Investors Service suggests that transactions could be structured ...more Asset Securitization Report--SourceMedia (4/16/2001)
	S&P conference: biz and pleasure For the 400 or so registered attendees at last week's Standard & Poor's Structured Finance Seminar, the weather ...more Asset Securitization Report--SourceMedia (4/9/2001)
	Argentine downgrades ignite rating agency debate Political and economic uproar in Argentina sent already-sliding sovereign ratings further down a descending spiral last week, though Standard and Poor's seemed to take the most heat from market participants as ...more Asset Securitization Report--SourceMedia (4/2/2001)
	IDB: Bad credit hinders LatAm Panelists at this year's annual Inter-American Development Bank (IDB) conference cited bad credit as a major culprit in Latin America's difficulty in accessing ...more Asset Securitization Report--SourceMedia (3/26/2001)
	IDB to provide first-ever credit guarantee in transaction Chile's Rutas del Pacfico SA, a road construction company, will issue a $306 million bond, with payments covered by the Inter-American Development Bank (IDB) and co-insurers ...more Asset Securitization Report--SourceMedia (3/19/2001)
	Argentine provinces coming to market one by one The Argentine provinces are edging into the market with a securitization of federal tax co-participation system revenues from the Province of San Juan and a possible oil ...more Asset Securitization Report--SourceMedia (3/12/2001)


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