Catering to the regularity by which most ABS issuers tap the primary market, financial printer R.R. Donnelley & Sons Co. formed a frequent-issuer securitization team, dubbed FIST, targeting companies who are programmatic in issuance of securitized product. Formed by Steve Knoll, manager of structured finance markets, who cut his teeth dealing with the printing of aircraft EETCs and REMICs in the 1980's, and Mike McCarthy, the team is trained to service the ABS and MBS markets. This year Judy Sweeney was brought on board as ABS product manager to champion the effort.
Noting the special demands for participants in the structured finance markets and other areas of finance, such as one-time-equity IPOs, Donnelley attempts to build relationships with issuers that securitize with frequency. The squad consists of nine people who are well acquainted with the structure, jargon and tabular requirements of the work from program origination through compliance filings.