CDO

A CDO is a collateralized debt obligation or collateralised debt obligation known collectively as CDOs. CDOs are a type of asset-backed security or structured credit product that offers exposure to the credit of a portfolio of fixed income assets, such as corporate or government debt, loans, asset-backed securities (ABS), including mortgage-backed securities (MBS) such as CMBS and MBS, known as CDOs of ABS or ABS CDOs, or other CDOs, known as CDO-squared or CDOs of CDOs. CDOs can be cashflow CDOs (referencing real assets) or synthetic CDOs (referencing credit derivatives, such as CDS) or hybrid CDOs (a mix of cashflow and synthetic). Typical CDOs divide the credit risk among different tranches: senior tranches (rated AAA), mezzanine tranches (AA to B) and equity tranches (unrated). Losses are applied in reverse order of seniority and so junior tranches offer higher coupons to compensate for the added risk. However, synthetic CDOs can be structured to offer single-tranche CDOs as well.

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  News Round-up    14 March 2016

• SCI Start the Week - 14 March

  A look at the major activity in structured finance over the past seven days

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  News    14 March 2016

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  News    11 March 2016

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  SCIWire    9 March 2016

• Opportunistic credit fund launched

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  News Round-up    8 March 2016

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  News Round-up    8 March 2016

• Oaktree targets Aussie growth

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  Job Swaps    8 March 2016

• SCI Start the Week - 7 March

  A look at the major activity in structured finance over the past seven days

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  News    7 March 2016

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  News Round-up    2 March 2016

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  Job Swaps    1 March 2016

• SCI Start the Week - 29 February

  A look at the major activity in structured finance over the past seven days

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  News    29 February 2016

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  Job Swaps    26 February 2016

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  SCIWire    24 February 2016

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  Job Swaps    23 February 2016

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  Job Swaps    22 February 2016

• SCI Start the Week - 22 February

  A look at the major activity in structured finance over the past seven days

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  News    22 February 2016

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  News Round-up    19 February 2016

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  SCIWire    18 February 2016

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  Job Swaps    17 February 2016