Collateral

ECB to accept sustainability-linked bonds as collateral

Retrieved on: 
Wednesday, September 23, 2020
Finance, Money, Economy, Eurozone, Loans, Institutions of the European Union, European Central Bank, TARGET2, Liability, Euro, Marketable collateral, Collateral

PRESS RELEASE

Key Points: 
  • PRESS RELEASE

    ECB to accept sustainability-linked bonds as collateral

    22 September 2020

    The European Central Bank (ECB) has decided that bonds with coupon structures linked to certain sustainability performance targets will become eligible as collateral for Eurosystem credit operations and also for Eurosystem outright purchases for monetary policy purposes, provided they comply with all other eligibility criteria.

  • This further broadens the universe of Eurosystem-eligible marketable assets and signals the Eurosystems support for innovation in the area of sustainable finance.
  • Non-marketable assets with comparable coupon structures are already eligible.
  • The decision aligns the treatment of marketable and non-marketable collateral assets with such coupon structures.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI)

Retrieved on: 
Monday, August 31, 2020
Economy, Stock market, Civil law, Class action, Collateral, Counterfeit, Security, Articles, Business

On June 29, 2020, multiple news outlets reported that Kingold may have used counterfeit gold as collateral to secure loans from more than a dozen Chinese financial institutions.

Key Points: 
  • On June 29, 2020, multiple news outlets reported that Kingold may have used counterfeit gold as collateral to secure loans from more than a dozen Chinese financial institutions.
  • If you purchased or otherwise acquired Kingold securities during the Class Period, you may move the Court no later thanAugust 31, 2020 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • The Law Offices of Frank R. Cruz, Los Angeles

First-of-its-kind Risk Education Series for Mortgage Industry Forthcoming from Maryland Smith

Retrieved on: 
Monday, August 31, 2020
Economy, Credit, Loans, Collateral, Articles, Business, Risk

COLLEGE PARK, Md., Aug. 31, 2020 /PRNewswire/ --Residential collateral risk professionals can expand their knowledge base and build risk management skills through a forthcoming education series jointly presented by the Robert H. Smith School of Business at the University of Maryland and the Collateral Risk Network (CRN).

Key Points: 
  • COLLEGE PARK, Md., Aug. 31, 2020 /PRNewswire/ --Residential collateral risk professionals can expand their knowledge base and build risk management skills through a forthcoming education series jointly presented by the Robert H. Smith School of Business at the University of Maryland and the Collateral Risk Network (CRN).
  • The four-part Collateral Risk Education series will run online 7-9 p.m. Mondays and Wednesdays, Sept. 14, 16, 21 and 23.
  • "What makes this new collateral risk training so special is that until this training came along there was nowhere for industry professionals to go to learn how to manage collateral valuation risk in the mortgage industry," says Clifford Rossi , professor of the practice and executive-in-residence at Maryland Smith.
  • Completion incorporates a digital badge and can be applied to the Collateral Risk Academy, a forthcoming extension of the series.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI)

Retrieved on: 
Friday, August 28, 2020
Legal, Professional services, Economy, Stock market, Credit, Loans, Civil law, Class action, Security, Collateral

The Law Offices of Frank R. Cruz reminds investors of the upcoming August 31, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI ) securities between March 15, 2018 and June 28, 2020, inclusive (the Class Period).

Key Points: 
  • The Law Offices of Frank R. Cruz reminds investors of the upcoming August 31, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who Kingold Jewelry, Inc. ("Kingold" or "the Company") (NASDAQ: KGJI ) securities between March 15, 2018 and June 28, 2020, inclusive (the Class Period).
  • On June 29, 2020, multiple news outlets reported that Kingold may have used counterfeit gold as collateral to secure loans from more than a dozen Chinese financial institutions.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

KBRA Assigns Preliminary Ratings to CBAM 2020-12, Ltd.

Retrieved on: 
Monday, July 20, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Loans, Structured finance, Credit, Mortgage, Collateralized loan obligation, Credit enhancement, Kroll Bond Rating Agency, Credit rating agency, Collateral

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by CBAM 2020-12, Ltd. (CBAM 2020-12), a cash flow collateralized loan obligation (CLO) back by a diversified portfolio of corporate loans.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by CBAM 2020-12, Ltd. (CBAM 2020-12), a cash flow collateralized loan obligation (CLO) back by a diversified portfolio of corporate loans.
  • CBAM 2020-12, Ltd. is managed by CBAM Partners, LLC (the collateral manager) and will have a three-year reinvestment period.
  • The ratings reflect initial credit enhancement levels, excess spread, coverage tests including overcollateralization ratio and interest coverage tests, and a reinvestment overcollateralization test.
  • The collateral in CBAM 2020-12, Ltd. will mainly consist of broadly syndicated leveraged loans issued by corporate obligors diversified across sectors.

TriOptima Extends Collaboration with DTCC to Meet Client Securities Financing Transactions Reconciliation Needs

Retrieved on: 
Wednesday, July 8, 2020
Finance, Money, Economy, Short selling, Credit, Securities lending, Security, Repurchase agreement, Collateral

"From margin-lending transactions on a daily basis, to numerous collateral updates and valuations, market participants face a huge task when it comes to reporting," said Raf Pritchard, Head of triResolve.

Key Points: 
  • "From margin-lending transactions on a daily basis, to numerous collateral updates and valuations, market participants face a huge task when it comes to reporting," said Raf Pritchard, Head of triResolve.
  • "This collaboration with DTCC is an important step to ensuring accuracy of data in the repositories for a traditionally under-reported part of the market."
  • "The extension of our relationship with triResolve to cover securities financing transactions is key to achieving our goal of promoting greater common standards across the market while providing greater value to our clients."
  • With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

TriOptima Extends Collaboration with DTCC to Meet Client Securities Financing Transactions Reconciliation Needs

Retrieved on: 
Wednesday, July 8, 2020
Finance, Money, Economy, Short selling, Credit, Securities lending, Security, Repurchase agreement, Collateral

"From margin-lending transactions on a daily basis, to numerous collateral updates and valuations, market participants face a huge task when it comes to reporting," said Raf Pritchard, Head of triResolve.

Key Points: 
  • "From margin-lending transactions on a daily basis, to numerous collateral updates and valuations, market participants face a huge task when it comes to reporting," said Raf Pritchard, Head of triResolve.
  • "This collaboration with DTCC is an important step to ensuring accuracy of data in the repositories for a traditionally under-reported part of the market."
  • "The extension of our relationship with triResolve to cover securities financing transactions is key to achieving our goal of promoting greater common standards across the market while providing greater value to our clients."
  • With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

Deadline Reminder: The Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Kingold Jewelry, Inc. (KGJI)

Retrieved on: 
Wednesday, July 8, 2020
Legal, Professional services, Economy, Loans, Articles, Credit, Counterfeit, Forgery, Collateral, Class action

Investors suffering losses on their Kingold investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .

Key Points: 
  • Investors suffering losses on their Kingold investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action at 888-638-4847 or by email to [email protected] .
  • On June 29, 2020, multiple news outlets reported that Kingold may have used counterfeit gold as collateral to secure loans from more than a dozen Chinese financial institutions.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

KBRA Assigns Preliminary Ratings to Citigroup Commercial Mortgage Trust 2020-WSS

Retrieved on: 
Monday, July 6, 2020
Banking, Professional services, Finance, Finance, Money, Economy, Loans, Kroll Bond Rating Agency, Mortgage, Structured finance, Commercial mortgage-backed security, KBRA, Commercial mortgage, WoodSpring Hotels, Collateral

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of Citigroup Commercial Mortgage Trust 2020-WSS, a $413.25 million CMBS single-borrower transaction.

Key Points: 
  • Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to four classes of Citigroup Commercial Mortgage Trust 2020-WSS, a $413.25 million CMBS single-borrower transaction.
  • The underlying collateral consists of 74 economy extended-stay properties operating under the WoodSpring Suites flag located in 26 states.
  • The results of our analysis yielded a KBRA net cash flow (KNCF) for the portfolio of roundly $45.0 million.
  • To value the portfolio, KBRA applied a blended capitalization rate of 11.99% to arrive at a KBRA value of $375.3 million.

A Veteran Legacy Helps Power Golden Eagle's Expansion

Retrieved on: 
Thursday, June 11, 2020
Economy, Money, Finance, Loans, Insurance, Insurance industry, Mortgage loan, Golden eagle, Collateral

As a Veteran owned company, Golden Eagle Insurance places these values in high regard by continuing to support Veterans through opportunity.

Key Points: 
  • As a Veteran owned company, Golden Eagle Insurance places these values in high regard by continuing to support Veterans through opportunity.
  • The lessons of leadership, organization, and integrity that he learned in the service became central to Golden Eagle's philosophy of service and track record of success.
  • He had an immediate impact on Golden Eagle and continues to exceed expectations in his role as Vice President.
  • Since 1995 Golden Eagle has been a trusted provider of Lender Protection including Mortgage Impairment, Force-Placed products including, Hazard, Flood, Collateral Protection, and Outsourced Tracking of Insurance.