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

    Pipeline The number of ABS deals joining the pipeline slowed last week. The distribution across sec...

    News    29 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

    PipelinePipeline entrants were dominated by ABS issuers last week. A handful of CDOs/CLOs and CMBS d...

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

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    News    15 February 2016
  • SCI Start the Week - 8 February

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

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    News    8 February 2016
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    Job Swaps    8 February 2016
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    A look at the major activity in structured finance over the past seven days

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    News    1 February 2016
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    SCIWire    27 January 2016
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    News Round-up    26 January 2016
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    A look at the major activity in structured finance over the past seven days

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    News    25 January 2016
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    News Round-up    21 January 2016