Securitisation market seeks SPV clearing carve-out

Concept image of a crowd with single blue person

The cost of securitisations could increase if the special purpose vehicles (SPVs) used in most deals are not granted a clearing exemption for swaps they transact, according to the International Swaps and Derivatives Association. That could hamper attempts to revive the market – a step some regulators have argued would help stabilise the banking industry by providing an additional source of funds.

"If SPVs are required to clear, it would make them a whole lot less viable. You would have to add

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: