StoneX, DeltaTerra execute synthetic credit risk transfer deal tied to Fannie Mae CAS, Freddie Mac STACR
SNEX•SNEX•SNEX•SNEX•StoneX partnered with DeltaTerra to execute a synthetic credit risk transfer tied to Fannie Mae CAS and Freddie Mac STACR.
The structure uses a customized credit default swap framework, offering an alternative to cash bond ownership for Agency CRT exposure.
The framework targets scalable, repeatable issuance as investor demand shifts amid a potential supply inflection in Agency CRT.
DeltaTerra estimates about USD 19 billion of CRT bonds become call-eligible by end-Q3 2027, about 44% of the market.
