Securitisation’s rehab takes next step: Alliance & Leicester returns to RMBS market with traditional structure

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Securitisation’s rehab takes next step: Alliance & Leicester returns to RMBS market with traditional structure

Issue: Daily News - 24 February 2010

Keywords: alliance & Leicester; UK securitisation; RMBS; UK; santander

Alliance & Leicester, the UK bank owned by Spain’s Santander, is marketing a £1bn RMBS, the first UK securitisation since the crisis not to feature explicit protection against extension risk. ..

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