Insights, News & Updates. Read our latest news and updates, including timely perspectives on the industry, markets and our business.
How to Structure an SMA as a Credit Linked Note
How to wrap a separately managed account in a credit linked note: one investor, a dedicated compartment, a single ISIN, and the steps, terms and trade-offs.
John Hubball
Director, Securitisation & Capital Markets
What is an Irish DAC? The Section 110 Issuer
What is an Irish DAC? How designated activity companies work as Section 110 SPVs for securitisation and note issuance, and how they compare with Luxembourg.
John Hubball
Director, Securitisation & Capital Markets
How to Issue a Credit Linked Note: Step by Step
How to issue a credit linked note, step by step: structuring, choosing a vehicle, documents, ISIN and clearing, listing, closing and reporting.
John Hubball
Director, Securitisation & Capital Markets
Alternatives to Setting Up a Credit Fund
Five alternatives to setting up a fund: white-label funds, managed accounts, securitisation compartments, AMCs and club deals, compared on cost and speed.
John Hubball
Director, Securitisation & Capital Markets
Credit Linked Notes: An Overview for Issuers
What is a credit linked note? How CLNs work, risk-transfer vs funding CLNs, credit events and risks, and why issuers use them to raise capital.
Ben Rockell
Director, Sales & Business Development
What is Rule 144A? QIBs and 144A vs Reg S
What is Rule 144A? How it allows resales to qualified institutional buyers, its requirements, Rule 144 vs 144A, 144A vs Reg S, and how 144A bonds settle.
Ben Rockell
Director, Sales & Business Development
US Private Placements: A Guide for Non-US Issuers
US private placements explained for non-US issuers: Section 4(a)(2), the USPP market, Regulation D, Rule 144A and Regulation S.
Ben Rockell
Director, Sales & Business Development
What is a CUSIP? The US Identifier Explained
What is a CUSIP? How the nine-character US securities identifier works, who issues it, CUSIP vs ISIN, and when non-US issuers need one for DTC settlement.
Ben Rockell
Director, Sales & Business Development
What is CREST? UK Securities Settlement Explained
What is CREST? How the UK's central securities depository settles shares, gilts and bonds, how CREST accounts and CDIs work, and what it means for issuers.
Ben Rockell
Director, Sales & Business Development
Types of Structured Products: A Guide for Issuers
The main types of structured products explained: capital protection, yield enhancement, participation, leverage, credit linked notes and AMCs.
Ben Rockell
Director, Sales & Business Development
The Role of a Paying Agent in Bonds and Notes
What is the role of a paying agent? How paying agents move coupons and principal to bondholders, how they differ from trustees, and how issuers appoint one.
Ben Rockell
Director, Sales & Business Development
What is a Luxembourg Securitisation Vehicle?
What is a Luxembourg securitisation vehicle? How SVs work under the 2004 law, company vs fund, compartments, regulation and why issuers use them.
