Investors are working with an asset registry and communication platform to obtain noteholder consent in order to insert Libor fallback language in certain securitisations, ahead of the 2021 deadline. This is driven by concerns that transactions without fallback language are losing value compared to newer deals with the necessary language to transition to a new reference rate.
A big holder of student-loan bonds is rallying other investors to support amendments to deal documents in response to the phase-out of Libor — rather than wait for issuers or policymakers to solve the problem.
Nelnet seeks consents from holders as of record date June 5th 2019 for the trusts found at these links. Documents may be viewed, signed, and downloaded for forwarding to respective custodians for Medallion Guarantee.
With Thunderbolt II, Air Lease Corporation has succeeded in its aim of evolving the aviation asset backed securitisation (ABS) product to be more liquid and more appealing to a broader stable of investors on both the equity and the debt side of the transaction. DealVector will provide certain investor services for the holders of the notes and APS.
The Federal Reserve began publishing its replacement to Libor in April, as markets undertake the process of transitioning structured credit, bank loan and derivatives instruments away from the legacy interest rate that had been tarred by unlawful collusion. DealVector’s Dave Jefferds and Michele Kelsey of International Solutions Network believe that technology may provide the key to achieving this result for securitised products
DealVector has added a feature to its electronic messaging service: an online forum where structured-product issuers and investors can discuss changes to Libor.
DealVector is pleased to announce the launch of LiborHub, a resource for the industry as it navigates through transition issues.
The integration will give LPC clients access to liquidity on DealVector’s platform, and give DealVector clients access to data and news from LPC.
Via Thomson Reuters’ LPC LoanConnector and LPC Collateral products, clients will also be able to receive notifications of outstanding corporate actions and recent pricing activity from DealVector, while DealVector clients will receive news alerts from LPC that could impact their holdings, and will have access to fields for filtering bonds that come up for bid or offer on DealVector’s BondTalk platform.
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