Alliance & Leicester is set to start marketing its second RMBS offering for 2010 from its Fosse Master Trust, according to a Reuters Report.

The deal comes just months after the firm's first RMBS deal issued since the start of the crisis. This previous deal did not have a put option or redemption guaranty back to the sponsoring bank that would protect investors from extension risk, making it the closest the U.K. RMBS sector has come to a "true securitization."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.