 | Documenting credit default swaps on asset backed securities
April 2007 - Four different ISDA CDS on ABS templates published since June 2005, one which has been updated three times and another once already, means that with more changes in the pipeline, an explanation of the existing template documentation and CDS on ABS's characteristics is welcome. Read >>
First published by Euromoney Handbooks, 19 April 2007. www.euromoney-yearbooks.co.uk/handbooks |
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| Property derivatives documents due
14 April 2007 - ISDA is set to release its first set of property derivatives definitions and standardised confirmation documentation, covering total return swaps and forward contracts based on property indices. Read >>
Reproduced with the kind permission of International Financing Review www.ifre.com |
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| Environmental ABS beckons
31 March 2007 - The US structured finance markets can expect growth in a new type of securitisation - environmental control bonds. Several states have already passed legislation and securitisation deals could follow. Meanwhile, in Europe a carbon emissions trading
market is rapidly developing, with the prospect of emissions credits soon being repackaged into CDOs. John D'Antona and William Thornhill report. Read >>
Reproduced with the kind permission of Intenrational Securitisation Report www.isr-e.com/ |
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| Emerging Opportunities
February 2007 - This article is intended to provide a brief overview of the common features of true sale securitisation transactions in Central and Eastern Europe (CEE). In a true sale securitisation, an originator generally transfers a pool of its assets to a special purpose vehicle (SPV) and the SPV finances the purchase by issuing debt instruments into the capital markets. A true sale is only achieved if the transfer legally isolates the assets from the insolvency risk of the originator. Read >>
First published by, and reproduced with kind permission from, International Securitisation Report, February 2007. |
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 | New CDO and Derivatives Partner for Mayer, Brown, Rowe & Maw
29 January 2007 - Mayer, Brown, Rowe & Maw LLP is pleased to announce that Edmund Parker, a derivatives and structured securities specialist (in particular in CDOs), joins the firm as a partner in its London Finance Group. He joins the finance team from the London office of Gide Loyrette Nouel (Gide) on 5 February, 2007. Read >>
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| Investment vehicles: The advantages of flexibility
November 2006 - HSH Nordbank recently launched its new structured investment vehicle (SIV), Carrera Capital Finance. Carrera is a flexible platform that incorporates recent innovations and developments in SIV technology. The Jersey-domiciled company is the first SIV to be launched by a German landesbank, and incorporates sub-portfolios that can be made available to third-party asset managers. Read >>
First published November 2006 and reproduced with kind permission from the International Financial Law Review (IFLR). To access the article online (for which you may need a log-in) please click here |
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| Legislation Broadens Ability to Market Asset-Backed Securities and Collateralized Debt Obligations to Certain Retirement Plans and Hedge Funds
4 August 2006 - Landmark pension reform legislation passed last night by Congress and expected to be signed by the President this month includes the most significant changes to the fiduciary provisions of ERISA since its enactment in 1974. The new legislation (the "Pension Reform Act") significantly relaxes the rules governing when asset-backed securities ("ABS"), including commercial mortgage backed securities ("CMBS") and collateralized debt obligations ("CDOs"), may be offered to investors holding certain types of retirement plan assets. Read >>
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| 134 Mayer, Brown, Rowe & Maw Lawyers Listed in Chambers USA Guide to Leading Business Lawyers
One hundred thirty-four Mayer, Brown, Rowe & Maw LLP lawyers are listed in the 2006 Chambers USA guide to leading business lawyers. The guide highlights the firm's work in several dozen practice areas throughout the U.S. Mayer, Brown, Rowe & Maw LLP senior counsel Philip Lacovara and partner Robert Baptista were also singled out in receiving prestigious "Chambers USA Awards for Excellence." Read >>
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| Mayer, Brown, Rowe & Maw LLP advises ABN AMRO on North Sea Island CDO to support North Sea Funding
12 December 2005 - Mayer, Brown, Rowe & Maw LLP has advised ABN AMRO Bank N.V. on the structuring and documentation of its ground-breaking new US$550 million synthetic collateralised debt obligation (CDO) programme, North Sea Island CDO 1. The programme is arranged and led by ABN AMRO. Read >>
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| Derivatives uncovered
October 2005 - Swaps, futures and all that jazz Read >>
Reproduced with the kind permission of PLC Magazine www.practicallaw.com/main.jsp, October 2005 |
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| CDOs in the Heartland - 2005
21 April 2005 - Conference sponsored by Mayer, Brown, Rowe & Maw LLP and Fitch Ratings. View the program's post conference materials. Read >>
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| Trust Preferred/Tier 1 Capital and FRB Final Rule
2 March 2005 - The Federal Reserve Board (FRB) yesterday released1 its final rule continuing to allow the inclusion of qualifying trust preferred securities in tier 1 capital subject to certain qualitative requirements and quantitative limits that had been proposed in the FRB's earlier notice of proposed rulemaking. Read >>
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| CDOs in the Heartland - 2004
25 March 2004 - Conference sponsored by Mayer, Brown, Rowe & Maw LLP and Fitch Ratings. View the program's post conference materials. Read >>
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| Is My SPE a VIE Under FIN46R and, If So, So What?
March 2004 - Special purpose entities (SPEs) are widely used in a variety of project and other structured financings as they generally facilitate the isolation of risk and the assignment of responsibility therefor under definitive transaction agreements and other documents and instruments. In addition, if the SPE is not consolidated with a transaction sponsor, this may allow the sponsor to participate in more transactions than it could if the SPE had to be consolidated in the sponsor's financial statements. Read >>
(An earlier version was published in the Fall 2003 issue of Journal of Structured and Project Finance.) |
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| Japanese Banking Delegation - 2004
13 February 2004 - Conference sponsored by Mayer, Brown, Rowe & Maw LLP, Fitch Ratings, Wachovia Securities, and Antares Capital Corp. View the program's post conference materials. Read >>
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| Banking & Finance Update: Legal Problems Arising in the Course of the Transfer of Credit Portfolios Can Be Solved
December 2003 - German Financial Institutions manage non-performing loans more and more by sales - bank secrecy and data protection are no barrier with regard to the sale. Although many legal aspects have to be observed within the course of the sale of distressed loans, there are no legal obstacles in Germany which would bar such sales. Since banks in the United States, in Asia and also in Italy have caused a sensation in the market by accomplishing sales of large portfolios of problem loans, this option has become increasingly attractive for German banks. Read >>
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| Distressed Debt Collateralized Obligations: What? Why? Now?
October 2003 - Collateralized debt obligations (CDOs), the primary underlying assets of which are distressed loans and similar debt obligations, allow portfolio investors a greater opportunity to participate in distressed debt markets and will bring additional liquidity, transparency and discipline to such markets. This article reviews the structures and features of a CDO, and why distressed loans and similar debt obligations are attractive assets for a CDO and an important portfolio management tool for financial institutions. Read >>
(A prior version of this article was published in the Commercial Lending Journal in October, 2003.) |
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| Advance Notice Of Proposed Rulemaking - Risk-Based Capital Guidelines
8 September 2003 - On 4 August 2003, the four United States bank regulatory agencies1 collectively, the "Agencies" published in the Federal Register an Advance Notice of Proposed Rulemaking "ANPR" setting forth a framework for implementing the New Basel Capital Accord (the "Accord") in the United
States. Read >>
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| Security Interests in Patents and Trademarks
August 2003 - Over the past decade and a half there has been a steadily increasing focus on intellectual property and its proceeds as sources of funding and collateral security. Read >>
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| How the UK Enterprise Act makes warehousing difficult
July 2003 - Some asset-backed deals will still prove difficult under the UK's new insolvency regime despite broad exceptions to make securitizations feasible. Richard Ambery of Mayer Brown Rowe & Maw looks at how the treatment of loans to be securitized might change. Read >>
First appeared in the July 2003 issue of IFLR |
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