Collateralised Loan Obligations (Clos) - a Primer

Collateralised Loan Obligations (Clos) - a Primer
Author: Andreas (Andy) Jobst
Publisher:
Total Pages: 103
Release: 2007
Genre:
ISBN:

The following descriptive paper surveys the various types of loan securitisation and provides a working definition of so-called collateralised loan obligations (CLOs). Free of the common rhetoric and slogans, which sometimes substitute for understanding of the complex nature of structured finance, this paper describes the theoretical foundations of this specialised form of loan securitisation. Not only the distinctive properties of CLOs, but also the information economics inherent in the transfer of credit risk will be considered, so that we can equally privilege the critical aspects of security design in the structuring of CLO transactions.

The Collateralised Loan Obligations

The Collateralised Loan Obligations
Author: Andreas A. Jobst
Publisher:
Total Pages: 101
Release: 2002
Genre:
ISBN: 9780974078410

The following descriptive paper surveys the various types of asset-backed securitisation (ABS) and provides a working definition of so-called collateralised loan obligations (CLOs), which allows issuers to sell large portfolios of commercial loans and their attendant credit risk directly to capital markets. Free of the common rhetoric and slogans, which sometimes substitute for understanding of the complex nature of structured finance, we describe the theoretical foundations of this specialised form of loan securitisation. The paper considers not only the distinctive properties and benefits of CLOs, but also the information economics inherent in the transfer of credit risk, in order to equally privilege the critical aspects of security design affecting the structure of CLO transactions.

The Collateralised Loan Obligations (CLOs) - a Primer

The Collateralised Loan Obligations (CLOs) - a Primer
Author: Andreas A. Jobst
Publisher:
Total Pages: 0
Release: 2002
Genre: Business & Economics
ISBN: 9780974078410

The following descriptive paper surveys the various types of asset-backed securitisation (ABS) and provides a working definition of so-called collateralised loan obligations (CLOs), which allows issuers to sell large portfolios of commercial loans and their attendant credit risk directly to capital markets. Free of the common rhetoric and slogans, which sometimes substitute for understanding of the complex nature of structured finance, we describe the theoretical foundations of this specialised form of loan securitisation. The paper considers not only the distinctive properties and benefits of CLOs, but also the information economics inherent in the transfer of credit risk, in order to equally privilege the critical aspects of security design affecting the structure of CLO transactions.

Collateralized Debt Obligations

Collateralized Debt Obligations
Author: Douglas J. Lucas
Publisher: John Wiley & Sons
Total Pages: 533
Release: 2006-05-05
Genre: Business & Economics
ISBN: 0471718874

Since first edition's publication, the CDO market has seen tremendous growth. As of 2005, $1.1 trillion of CDOs were outstanding -- making them the fastest-growing investment vehicle of the last decade. To help you keep up with this expanding market and its various instruments, Douglas Lucas, Laurie Goodman, and Frank Fabozzi have collaborated to bring you this fully revised and up-to-date new edition of Collateralized Debt Obligations. Written in a clear and accessible style, this valuable resource provides critical information regarding the evolving nature of the CDO market. You'll find in-depth insights gleaned from years of investment and credit experience as well as the examination of a wide range of issues, including cash CDOs, loans and CLOs, structured finance CDOs and collateral review, emerging market and market value CDOs, and synthetic CDOs. Use this book as your guide and take advantage of this dynamic market and its products.

Collateralized Debt Obligations

Collateralized Debt Obligations
Author: Laurie S. Goodman
Publisher: John Wiley & Sons
Total Pages: 386
Release: 2002-11-25
Genre: Business & Economics
ISBN: 0471445614

A practical guide to the features and investment characteristics of CDOs In the bond area, collateralized debt obligations, which include collateralized bond obligations and collateralized loan obligations, are the fastest-growing sector. Collateralized Debt Obligations: Structures and Analysis describes the various products in this area-cash flow CDOs, market value CDOs, synthetic CDOs, etc.-and explains how to evaluate them. With this book as their guide, investment managers and institutional investors alike will learn how to analyze the risks associated with CDOs, create a portfolio of CDO products, and assess trading opportunities in the secondary market.

Developments in Collateralized Debt Obligations

Developments in Collateralized Debt Obligations
Author: Douglas J. Lucas
Publisher: John Wiley & Sons
Total Pages: 304
Release: 2007-05-04
Genre: Business & Economics
ISBN: 0470135549

Developments In Collateralized Debt Obligations The fastest growing sector of the fixed income market is the market for collateralized debt obligations (CDOs). Fostered by the development of credit default swaps (CDS) on all types of indexes of corporate bonds, emerging market bonds, commercial loans, and structured products, new products are being introduced into this market with incredible speed. In order to keep up with this dynamic market and its various instruments, you need a guide that provides you with the most up-to-date information available. That's why Douglas Lucas, Laurie Goodman, Frank Fabozzi, and Rebecca Manning have created Developments in Collateralized Debt Obligations. Filled with in-depth insights regarding new products, like hybrid assets in ABS CDOs and trust preferred CDOs, and detailed discussions on important issues-such as the impact of CDOs on underlying collateral markets-this book will bring you completely up to speed on essential developments in this field. Written in a straightforward and accessible style, Developments in Collateralized Debt Obligations will enhance your understanding of this ever-evolving market-and its numerous products.