Credit market terms steady in last 3 months: Fed
Posted: Thu Dec 27, 2012 1:33 pmCredit market terms steady in last 3 months: Fed
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) - Major financial firms saw little change in credit terms for key counterparties in derivatives transactions, but there was an increase in demand for financing, according to a Federal Reserve survey of senior credit officers released Thursday. Officials at almost one-third of the 22 institutions who participated in the survey reported increased demand for funding of agency residential mortgage-backed securities. The underlying markets for non-agency residential mortgage-backed securities and commercial mortgage-backed securities have shown improved functioning and liquidity, the survey found. The credit officers reported a growing interest in collateral transformation trades, which entail the lending of securities collateralized with other securities. A large number of respondents reported paying more attention to management of concentrated exposures to central counterparties. The quarterly Fed survey covered the three months from September through November.
from MarketWatch.com - MarketPulse
WASHINGTON (MarketWatch) - Major financial firms saw little change in credit terms for key counterparties in derivatives transactions, but there was an increase in demand for financing, according to a Federal Reserve survey of senior credit officers released Thursday. Officials at almost one-third of the 22 institutions who participated in the survey reported increased demand for funding of agency residential mortgage-backed securities. The underlying markets for non-agency residential mortgage-backed securities and commercial mortgage-backed securities have shown improved functioning and liquidity, the survey found. The credit officers reported a growing interest in collateral transformation trades, which entail the lending of securities collateralized with other securities. A large number of respondents reported paying more attention to management of concentrated exposures to central counterparties. The quarterly Fed survey covered the three months from September through November.