Entegra

⚡ 𝐇𝐨𝐰 𝐝𝐢𝐝 𝐲𝐨𝐮𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐂𝐋𝐎 𝐀𝐀𝐀 𝐩𝐫𝐢𝐜𝐢𝐧𝐠 𝐬𝐭𝐚𝐜𝐤 𝐮𝐩 𝐚𝐠𝐚𝐢𝐧𝐬𝐭 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧?⚡ Entegra's New Issue US & European CLO Benchmarks provide a weekly updated reference point built exclusively from transacted primary market levels. It puts every new issue into the context of the broader market, helping you evaluate pricing against prevailing market conditions. No more triangulations! Entegra's AAA US & European CLO Benchmarks (week ending October 2nd) are now available: 🔗 https://lnkd.in/exCUDdaz

⚡ 𝗡𝗼𝘄 𝗟𝗶𝘃𝗲: Entegra’𝘀 𝗘𝗨𝗥 𝗖𝗟𝗢 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸: https://lnkd.in/exCUDdaz Visibility is the currency of liquidity, but its impact on pricing requires a reliable reference point. Today, we launched 𝗘𝗻𝘁𝗲𝗴𝗿𝗮’𝘀 𝗘𝗨𝗥 𝗖𝗟𝗢 𝗡𝗲𝘄 𝗜𝘀𝘀𝘂𝗲 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸: the first European AAA benchmark specifically built to track 𝗻𝗲𝘄-𝗶𝘀𝘀𝘂𝗲 𝗖𝗟𝗢 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 and the framework behind our 𝗖𝗟𝗢 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 𝗩𝗶𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗥𝗲𝗽𝗼𝗿𝘁𝘀. For CLO managers, it provides: - A more objective EUR AAA pricing reference than manager “tier” - A weekly read on actual primary clearing levels - A more direct, less sentiment-driven signal than broader CLO indices 👉 See our US Benchmark (updated weekly): https://lnkd.in/exCUDdaz #Entegra #CLO #Credit #Liquidity

What if secondary market visibility wasn’t just a byproduct of scale — but a driver of it? 𝗩𝗶𝘀𝗶𝗯𝗹𝗲 𝗩𝗮𝗹𝘂𝗲: 𝗧𝗵𝗲 𝗜𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝗦𝗲𝗰𝗼𝗻𝗱𝗮𝗿𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗶𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗼𝗻 𝗡𝗲𝘄 𝗜𝘀𝘀𝘂𝗲 𝗖𝗟𝗢 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 Entegra × SOLVE | Webinar 🔗 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿 𝗵𝗲𝗿𝗲: https://hubs.ly/Q03PNmBr0 #Entegra #CLO #StructuredFinance #CreditMarket #Visibility #Liquidity #TaaS

👻 𝐒𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐬𝐩𝐨𝐨𝐤𝐲 𝐢𝐬 𝐡𝐢𝐝𝐢𝐧𝐠 𝐢𝐧 𝐂𝐋𝐎 𝐀𝐀𝐀 𝐬𝐩𝐫𝐞𝐚𝐝𝐬... 𝐭𝐡𝐞 𝐏𝐡𝐚𝐧𝐭𝐨𝐦 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 In Part 1 of his two-part series for Creditflux, our CEO Daniel Ezra showed that limited secondary market visibility helps explain the persistent spread premium in AAA CLOs versus corporate credit. In Part 2, he puts a number on it. After accounting for call optionality, tranche size, financing costs and execution immediacy, about 25bps remains, roughly 20% of the AAA CLO spread. Across the $1.3 trillion CLO market, that costs CLO equity holders over $2 billion a year. We call it the 𝐏𝐡𝐚𝐧𝐭𝐨𝐦 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 (link in the comments). Trading as a Service (TaaS) was built to make the invisible, visible. If you are a CLO manager and want to see how TaaS could improve new issue pricing for your deals, reach out... if you dare! 👻 [email protected] #Entegra #TaaS #CLOs #Liquidity #MarketStructure

Tired of hearing “You’re not liquid enough” despite having better performance than the bigger platforms? The biggest platforms get priced like the best even when they’re not always the best. 𝗪𝗵𝗮𝘁 𝘁𝗵𝗲𝘆 𝗵𝗮𝘃𝗲 𝗶𝘀 𝗿𝗲𝗮𝗰𝗵. Their paper is seen, supported, traded, so the market treats it as liquid and prices it tight. 𝗣𝗲𝗿𝗰𝗲𝗽𝘁𝗶𝗼𝗻 𝗶𝘀 𝗿𝗲𝗮𝗹𝗶𝘁𝘆. Entegra’s Trading as a Service (#TaaS) gives you that same reach. Consistent secondary support that keeps your paper visible and active across the market - shaping the liquidity perception of your platform. From deal one, at no cost to the issuer. 𝗬𝗼𝘂 𝗵𝗮𝘃𝗲 𝘁𝗵𝗲 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲. 𝗡𝗼𝘄 𝗱𝗼 𝘀𝗼𝗺𝗲𝘁𝗵𝗶𝗻𝗴 𝗮𝗯𝗼𝘂𝘁 𝘆𝗼𝘂𝗿 𝗿𝗲𝗮𝗰𝗵. For more information, visit: https://lnkd.in/eMwip_Gh, or reach out to us on [email protected] A picture is worth a thousand words 👇

⚡ 𝗪𝗮𝗻𝘁 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗵𝗼𝘄 𝘆𝗼𝘂𝗿 𝗹𝗮𝘁𝗲𝘀𝘁 𝗖𝗟𝗢 𝗔𝗔𝗔 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 𝘀𝘁𝗮𝗰𝗸𝗲𝗱 𝘂𝗽 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝗵𝗲 𝗿𝗲𝘀𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁?⚡ Entegra'𝘀 𝗡𝗲𝘄 𝗜𝘀𝘀𝘂𝗲 𝗨𝗦 𝗖𝗟𝗢 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸 provides a weekly updated reference point built exclusively from transacted primary market levels. It puts every new issue into the context of the broader market, helping you evaluate pricing against prevailing market conditions. Entegra'𝘀 𝗔𝗔𝗔 𝗨𝗦 𝗖𝗟𝗢 𝗕𝗲𝗻𝗰𝗵𝗺𝗮𝗿𝗸 (𝘄𝗲𝗲𝗸 𝗲𝗻𝗱𝗶𝗻𝗴 𝟬𝟳/𝟯𝟭) is now available: 🔗 https://lnkd.in/exCUDdaz #Entegra #CLO #Benchmark