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

To continue reading...

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: