ABS

Chariot Funding LLC and Jupiter Securitization Co. LLC financed a £750 million ($1 billion) consumer loan facility.

The Securities and Exchange Commission's (SEC) response to Royal Bank of Canada's (RBC) request to conduct registered public offerings of covered bonds is likely to fuel growing U.S. dollar demand, according to Fitch Ratings. For ASR's coverage on the topic, please click here.

Panelists at this week’s American Securitization Forum annual meeting fear that reform efforts around shadow banking will significantly curtail credit from non-bank intermediaries.

Standard & Poor's today released research on the role of credit ratings in the financial system.

Federal Deposit Insurance Corp. (FDIC) General Counsel Michael Krimminger will be leaving the agency later this month to join the law firm of Cleary Gottlieb Steen & Hamilton as a partner in its Washington, D.C., office.

Moody's Investors Service today commented on how it evaluates the effect of global and bank credit deterioration in Europe on structured finance securities.

Triton Container is in the market with Triton Container Finance III LLC - Series 2012-1

Nigeria’s Skye Bank has received a $150 million, five-year loan backed by remittances generated from Nigerians living abroad, according to a press release put out by the transaction’s participants.

The ABS market is seeing some deals market on the consumer ABS side, specifically in student loans and autos.

Global shipping company Hapag-Lloyd increased an existing trade receivable securitization to $150 million.

Solar securitizations have long been eyed as a financing alternative that can lower the weighted average cost of solar energy products for customers. It will also reduce exposure to developers.

Santander Consumer USA is in the market with Santander Drive Auto Receivables Trust (SDART) 2012-3.

Fitch Ratings has appointed John Miles as head of Fitch Australia effective immediately. Based in Sydney, he will be responsible for managing the rating agency's day-to-day business operations in Australia and New Zealand.

Clean Power Finance, Morgan Stanley unit MS Solar Solutions Corp and Main Street Power Co. have announced the creation of MySolar, which is a residential solar lease facility that will offer funding for up to $300 million in projects.

Intermodal container lessor Textainer Group Holdings has closed a $1.2 billion warehouse securitization facility.The new facility called Textainer Marine Containers II Limited (TMCLII) acquired a portion of the intermodal containers owned by Textainer Marine Containers Limited (TMCL), which is another asset owning subsidiary. TMCL used the proceeds it received from TMCLII to terminate its $850 million securitization facility.The interest rate on the TMCLII securitization facility is 2.625% over Libor during an initial two-year revolving period. If the TMCLII securitization facility is not refinanced or renewed after this period, the facility is structured to partially amortize in the next five years and then mature.

Trafigura Securitization Finance's (TSF) series 2012-1 is in the market. The offering is backed by a pool of trade receivables originated by Trafigura Beheer B.V., Trafigura Pte. (Singapore), and Trafigura AG, according to Standard & Poor's.

The Securities and Exchange Commission (SEC) is turning its sights on companies’ in-house and outside lawyers for obstructing investigations and for green-lighting questionable mortgage bond deals, The Wall Street Journal reported this morning.

While still a shadow of its former self, the bond insurance industry is showing signs of revival amid a pickup in issuance of deals backed by riskier assets.