CDO-Squared

CDO-Squared is a collateralized debt obligations backed primarily by the tranches issued by other CDOs.[1] These instruments became popular before the financial crisis of 2007–08. There were 36 CDO-Squared deals made in 2005, 48 in 2006 and 41 in 2007. Merrill Lynch was a big producer, creating and selling 11 of them.[2]

References

  1. ↑ "CDOs-Squared Demystified" (PDF). Nomura Fixed Income Research. Archived from the original on 28 August 2016. Retrieved 8 February 2016.
  2. ↑ The Financial Crisis Inquiry Report, 2011, p.130
This article is issued from Wikipedia - version of the 11/12/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.