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. There are plenty of deals, however, to keep players busy for the next few weeks at least.

According to analysts at Dresdner Kleinwort Wassertein, the RMBS pipeline in particular has dwindled down to a handful of country-specific deals. "Notably the bulk is to come from the U.K. and Spain, although we expect just one U.K. deal," reported analysts.

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