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.

• SCI Start the Week - 19 March

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

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  News    19 March 2018

• SCI Start the Week - 12 March

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  Upcoming event SCI Risk Transfer & Synthetics Seminar – Tomorrow (13 March), New...

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  Market moves    9 March 2018

• SCI Start the Week - 5 March

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

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• SCI Start the Week - 26 February

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  News    26 February 2018

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• SCI Start the Week - 19 February

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

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  News    19 February 2018

• SCI Start the Week - 12 February

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

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  News    12 February 2018

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• SCI Start the Week - 29 January

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

  Pipeline The balance of additions to the pipeline last week closely followed that of the week befor...

  News    29 January 2018

• SCI Start the Week - 22 January

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

  Pipeline Last week saw pipeline additions return to favouring ABS. There were seven ABS added, alon...

  News    22 January 2018

• Market moves - 19 January

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  Market moves    19 January 2018

• CLO collateral defaults eyed

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• SCI Start the Week - 15 January

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

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  News    15 January 2018

• Market moves - 12 January

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• SCI Start the Week - 8 January

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• SCI Start the Week - 18 December

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