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A collateralized debt obligation squared is a special purpose vehicle (SPV) with securitization payments backed by CDO tranches.
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A collateralized debt obligation cubed (CDO-Cubed), which is backed by collateralized debt obligation squared tranches, is a derivative on steroids.
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CDO-Squared is a collateralized debt obligation backed primarily by the tranches issued by other CDOs. These instruments became popular before the financial ...
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