A collateralized debt obligation (CDO) is a complex financial product backed by a pool of loans and other assets and sold to institutional investors.
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Structured finance security that is collateralized. (predominantly) by a pool of one of the following bond types: • Corporate bonds (investment grade and/or ...
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[PDF] THE CDO MACHINE - Financial Crisis Inquiry Commission
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Collateralized debt obligations (CDOs) are structured financial instruments that purchase and pool financial assets such as the riskier tranches of various.
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