Europeans brought more volume to the year-end feast that's in play, while U.S. market players tonight prepare for a feast of an entirely different nature.

Among the new paper hitting the screens today is the €890 million ($1 billion) Dutch RMBS, E-MAC NL 2005-III. A total of €856.2 million of five-year A class notes are offered in addition to four subordinated tranches. E-MAC's provisional pool had a 78.8% weighted average-LTV and four months of seasoning.

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