...Sixteen New Cures: Sixteen bank issuers, representing $138 million of collateral in 10 CDOs, resumed interest payments and repaid accrued interest on their TruPS in 3Q15. Three New Deferrals: Three issuers, representing $10.5 million of collateral in three CDOs, began deferring on their TruPS in 3Q15. All three were re-deferrals by bank issuers that previously cured. One New Default: One bank issuer, representing $3 million of collateral in one CDO, defaulted in 3Q15. Cumulative Defaults and Deferrals Decreased: At the end of 3Q15, 229 bank issuers, representing approximately $5.5 billion, were in default, and 113 bank issuers were deferring on $1.4 billion of collateral. This compares with 231 bank issuers, representing approximately $5.7 billion of default, and 132 bank issuers in deferral of $1.6 billion of collateral at the end of 2Q15....
