DELTA LLOYD Delta Lloyd Bank wins the Securitisation Award 2015 with Arena 2014 - I & II transactions. Participants at the IIR Securitisation Event today considered this initiative to have had the most significant positive contribution to the securitisation market in the past year.
Arena 2014-I represents an innovative RMBS transaction by Delta Lloyd Bank. This transaction does not feature the traditional Dutch balance guaranteed swap, but instead accomplishes a hedge between its assets and liabilities using a cap and innovative features in the notes coupon. Arena 2014-I is the first post-crisis RMBS transaction without a balance guaranteed swap that was placed with investors in full.
Hendrik Jan Luikinga of Delta Lloyd Bank commented: "We are very pleased with winning the award, as we successfully worked together with a large number of people from outside Delta Lloyd, such as investors and rating agencies who put in a lot of effort into achieving these transactions."
The nominee shortlist also included Credit Foncier with CFHL-1 2014 and Obvion with the STORM 2014-III transaction. Together with this year's winner, these initiatives were nominated in March 2015 by an independent advisory board. Today, participants at the IIR Securitisation Event determined this year's winner by popular vote.
The Securitisation Award recognises outstanding achievement or a transaction, initiative or organisation that had a significant positive contribution to or impact on the (Dutch) securitisation market in 2014/2015.
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