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Wyndham Worldwide is offering its first securitization of timeshare loans for 2010, the $250 million Sierra Timeshare 2010-1 Receivables Funding.
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Neil McPherson has been promoted to global head of structured finance at Markit.
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Advisors Asset Management plans to add an emerging markets team as it grows its institutional fixed-income platform.
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ICP Capital plans to transfer its domestic and international capital markets businesses to PrinceRidge, New York-based financial services firm set up by Dillon Read alumni John Costas and Michael Hutchins.
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International law firm Linklaters is moving into the Netherlands structured finance market, appointing Kees Westermann, partner at Clifford Chance, to its Amsterdam office.
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Volkswagen is again tapping the primary European asset-backed securities market with a benchmark €475 million ($648 million) auto loan receivables deal, this time from its Driver program.
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The European Central Bank’s plan to introduce loan level data reporting for primary issuance will not address the cause of Europe’s credit market collapse, according to a treasury official at a large U.K. bank.
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Court case outcomes in the U.S. could improve the credit quality of all global monoline-wrapped MBIA Insurance securitizations.
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Advisors Asset Management is setting up an institutional platform in its broker-dealer focused on mortgages and structured credit, municipal bonds and corporate bonds.
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The demands facing banks investing in structured finance products under the European Commission’s revised Capital Requirements Directive remain unclear, according to Rachel Kelly, partner at Clifford Chance.