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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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    The US SEC has prohibited Steven Cohen from supervising funds that manage outside money until 2018 i...

    Job Swaps    11 January 2016
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    Last week closed on a solid note in the European securitisation secondary market. Secondary spread...

    SCIWire    11 January 2016
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    The purchaser of an unrated junior tranche in the CDO transaction STACK 2006-1 adequately pled justi...

    News    8 January 2016
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    Job Swaps    7 January 2016
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    Job Swaps    7 January 2016
  • European counterparty concerns resolved

    S&P has removed from creditwatch negative its ratings on 21 tranches in eight European CDOs...

    News Round-up    6 January 2016
  • Special counsel named

    Schulte Roth & Zabel has promoted Jay Williams to special counsel in the New York office, wh...

    Job Swaps    6 January 2016
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    Job Swaps    4 January 2016
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    News Round-up    4 January 2016
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    News Round-up    21 December 2015
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    A look at the major activity in structured finance over the past seven days

    Pipeline The pipeline grew very quiet last week. The only deal to be added without disappearing bef...

    News    21 December 2015
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    The Bank of Italy's regulatory framework enacted in 2015 for financial intermediaries carrying out s...

    News Round-up    18 December 2015
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    Job Swaps    17 December 2015
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    News Round-up    16 December 2015
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    News    14 December 2015
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    SCIWire    8 December 2015
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    A look at the major activity in structured finance over the past seven days

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    News    7 December 2015
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    News Round-up    1 December 2015
  • SCI Start the Week - 30 November

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

    Pipeline The pace of pipeline additions slowed last week due to Thanksgiving. The final count consi...

    News    30 November 2015
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    SCIWire    23 November 2015