CDOs/CLOs

U.S. ABS securitization issuance was $180 billion in 2013, down 3% from 2012, according to Thomson Reuters data.

First-time collateralized loan obligation managers entered the game in droves in 2013, and participants expect the trend to continue in 2014, even if risk-retention regulation will make it more difficult for smaller firms to keep playing.

The final version allows banks to own and lend money to collateralized loan obligations backed exclusively by loans, though they may have to sell holdings of deals backed by bonds or other securities.

Issuers had engaged Standard & Poor’s to rate 32 collateralized loan obligations totaling $14.8 billion as of Nov. 29.

Vichara Technologies is collaborating with Markit to allow mutual clients to access Markit’s pricing service within Vichara’s platform.

Wells Fargo expects U.S. issuance of collateralized loan obligations to moderate in 2014, to $60 billion, partly as the result of regulations that make it less attractive to manage or own these securities

The limited number of buyers able to write big tickets allows them players to dictate terms.

The limited number of buyers able to write big tickets allows them players to dictate terms.

Data provider Lewtan has launched a service that provides information about loans used as collateral for European residential mortgage-backed securities and securitizations of loans to small and medium-sized enterprises.

Barclays expects issuance of collateralized loan obligations in 2014 to be similar to this year’s total, in the range of $75 billion to $80 billion.