Gaois

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2 results

  1. FINANCE|financing and investment

    #581027

    IATE #3541596
    oibleagáid fiachais chomhthaobhaithe aontráinse Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    STCDO | bespoke | single-tranche CDO | single-tranche collateralised debt obligation | single-tranche synthetic CDO
    en
    Definition synthetic CDO [ IATE:3541377 ] in which only one tranche of the capital structure is sold to an investor and the investor himself/herself can choose the credit portfolio and the part/tranche of the capital structure and the tranche size Reference based on: Michael S. Gibson: Understanding the Risk of Synthetic CDOs, July 2004 (Federal Reserve), http://www.federalreserve.gov/pubs/feds/2004/200436/200436pap.pdf [17.5.2012] David Li–Ratul Roy–Jure Skarabot (Citigroup): A Primer on Single-Tranche CDOs, April 27, 2004, http://www.scribd.com/doc/6735383/Single-Tranche-CDO-Primer [17.5.2012]
    Comment For the reference portfolio of the single tranche CDO, see: bespoke portfolio IATE:3515027 .
  2. FINANCE|financial institutions and credit|financial institution

    #583061

    IATE #3546932
    oibleagáidí fiachais chomhthaobhaithe sreafa airgid Reference Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    collateralised debt obligation | cashflow CDO | cash CDO
    en
    Definition structured finance product that securitises a diversified pool of debt assets into multiple classes of notes from the cash flows generated by such assets Reference ‘The Barclays Capital Guide to Cash Flow Collateralized Debt Obligations’, CDO and Structured Funds Group http://people.stern.nyu.edu/igiddy/ABS/barclays_cdoguide.pdf [17.09.2014]
    Comment Cash flow CDOs should be distinguished from market value CDOs. Whereas market value CDOs are managed to pay off liabilities through the trading and sale of collateral, cash flow CDOs are managed to pay off liabilities from the interest and principal payments of collateral. This means that unlike market value CDOs, cash flow CDOs focus primarily on managing the credit quality of the underlying portfolio rather than the volatility of its market value. See also: - collateralised debt obligation (broader) [ IATE:343460 ] - synthetic collateralised debt obligation (related) [ IATE:3541377 ]