An independent research service focused on European and US CLOs, offering documentation review and data analysis.
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Key Highlights:The European Banking Authority (EBA) has ruled out the use of conditional sales agreements (CSA) for Originator status — a change impacting 56% of European CLOs issued in 2024–Q1 2025....
In this updated trend report we highlight Post Reinvestment Criteria provisions and trends observed in European CLO during the full year 2024 and until H1 2025 transactions. During 2024, our revi...
This trend report highlights key themes observed in European CLO transactions since the beginning of the year. Our key finding is that, across most deals, documentation provisions remain protective—an...