Royal Bank of Scotland (RBS) introduced its new CMBS Conduit Credit Monitor this month, which details delinquency rates, default and loss balances as well as severities for the fixed-rate conduit CMBS universe.

In its debut report, RBS said that the balance of CMBS conduit loans fell $3 billion to $618 billion from $621 billion as paydowns and liquidations offset new issuance last December.

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