John Woodhall joins the London office of Sidley Austin Brown & Wood as a partner in the International Finance Group. Woodhall joins the firm from Clifford Chance, where he was head of the international securitization group. In his new position, Woodhall will continue to maintain a focus on European-based securitizations and structured finance, including commercial and residential mortgage-backed transactions, consumer and trade-receivable transactions, conduit deals and true-sale and synthetic CLOs and CDOs.

Analysts at the Royal Bank of Scotland said that the third transaction under the Italian government-related real estate securitization series, SCIP, might be delayed until next year. Sources at the bank stated that the decision is likely based on the performance of the latest deal, SCIP 2, which priced at the end of last year. The transaction has fallen behind its expected collection schedule and could expose investors to extension risk, particularly at the class A1 level where the notes are due in April 2004.

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