Post crisis dealer floorplan ABS deals have higher credit enhancement requirements than deals done before 2009.
This fact makes these structures robust, particularly at the senior level, according to a Barclays Capital report released today.
More From Asset Securitization Report
ALLCU raises $243.7 million in prime auto ABS
A new cohort of lenders, Dort Financial Credit Union, Gesa Credit Union and Liberty Federal Credit Union originated the loans and contributed them to the collateral pool.
Harvest’s small business loans raise $93.1 million in ABS
The 306 loans are primarily first-lien, small balance business loans secured by commercial real estate properties, and other collateral related to the mortgage property.
Moody’s: CLOs have prepped for worsening credit quality
Liability management exercises are driving defaults and complicating recoveries in collateralized loan obligation pools.
By
John Hintze
Fed’s Bowman previews new twists in stress test reforms
Federal Reserve Vice Chair for Supervision Michelle Bowman Friday highlighted a pair of new provisions to the final stress test framework that arose from public commentary submitted to the agency last year.
Guggenheim seeks to reassure clients of commercial-paper unit
Some investors have looked to buy only shorter-term commercial paper from Guggenheim, while a smaller portion of backers have paused trading the firm's products
