A CLO consists of several debt tranches, ranked according to the creditworthiness of the underlying loans. The lowest tier is the equity tranche, representing ...
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A collateralized debt obligation (CDO) is a complex financial product backed by a pool of loans and other assets and sold to institutional investors.
Oct 30, 2018 · The leveraged loan market is regulated and loans cannot come to market with a leverage ratio of more than 6x. Unlike CDOs, CLOs have exhibited ...
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Sep 22, 2019 · CDOs and CLOs are asset-backed securities (ABS) that invest in pools of illiquid assets and convert them into marketable securities. They are ...
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The CDO is "sliced" into sections known as "tranches", which "catch" the cash flow of interest and principal payments in sequence based on seniority. If some ...
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A CDO cash-flow structure allocates interest income and principal repayments from a collateral pool of different debt instru- ments to a prioritized collection ...
Our lawyers have worked on many types of CLO and CDO products, including CLOs and CDOs backed by middle-market commercial loans, broadly syndicated loans ...
May 17, 2021 · In this paper, we analyze the source and magnitude of mispri- cing, if Collateralized Loan Obligation (CLO) tranches are rated.
May 10, 2022 · They were CDOs created by pooling the mezzanine or middle tranches of subprime mortgage-backed securities. Q: These are CDOs made up of tranches ...
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The CLO structure is made up of two parts: the pool of loans or the portfolio of assets, also known as the collateral, and various tranches forming the ...