ABS

The volume of securitization tranches that have earned the label of Prime Collateralised Securities (PCS) has topped €100 billion ($127 billion), according to a release from the eponymous organization.

Triet Nguyen is starting as a managing director at NewOak on Monday

CircleBack Lending has entered into an agreement with Jefferies Group to finance, and eventually securitize, up to $500 million of unsecured consumer loans.

Some participants at the ABS East conference sponsored by Information Management Network are not convinced transparency will boost liquidity.

Bonds backed by auto loans are widely viewed as the most liquid sector of the asset backed market, according to a survey at the ABS East Conference, sponsored by Information Management Network

Participants at the ABS East conference don’t expect asset-backed securities or other kinds of structured finance to change hands online anytime soon.

On Wednesday the Securitization and Exchange Commission will consider whether to adopt rules revising the disclosure, reporting and offering process for all things asset-backed.

IKB Deutsche Industriebank AG plans to issue a rare deal backed by equipment lease receivables from small and medium-sized German entities.

Wyndham Worldwide plans to issue $250 million of securities backed by timeshare receivables, the issuer's second deal of the year.

A nonbank mortgage servicer that took on more loans than it could handle ended up delaying payments to Fannie Mae and Freddie Mac, according to a government watchdog report.

Referring to the criteria for Prime Collateralized Securities as “a living construct,” the PCS initiative today said it had revised what determines whether a securitization receives this label of high-quality or not.

Goldman Sachs plans to issue a new €1 billion of securities backed backed by a portfolio that includes a variety of asset-backed bonds.

A Russian securitization law that comes into effect at the beginning of July will make it easier for Russian issuers to structure domestic, on-shore vehicles that are bankruptcy remote. One of the main motivations for the legislation was to facilitate the securitization of SME loans with the aim to increase contribution from the SME sector to the overall GDP of Russia.