Collateralised Debt Obligations

Moorad Choudhry, Didier Joannas, Gino Landuyt, Richard Pereira and Rod Pienaar
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Moorad Choudhry: Europe Arad Bank plc
Didier Joannas: Thomson Reuters-Risk in North Asia
Gino Landuyt: Europe Arad Bank plc
Rod Pienaar: UBS AG prime services

Chapter 14 in Capital Market Instruments, 2010, pp 273-292 from Palgrave Macmillan

Abstract: Abstract Collateralised debt obligations (CDOs) are a form of securitised debt. The market in such bonds emerged in the United States in the late 1980s, first as a form of repackaged high-yield bonds. The market experienced sharp growth in the second half of the 1990s, due to a combination of investor demand for higher yields allied to credit protection, and the varying requirements of originators, such as balance sheet management and lower-cost funding.

Keywords: Cash Flow; Balance Sheet; Credit Risk; Credit Rating; Credit Default Swap (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27938-4_14

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DOI: 10.1057/9780230279384_14

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