Collateralised loan obligations (CLOs): A primer

Andreas Jobst ()

No 2002/13, CFS Working Paper Series from Center for Financial Studies (CFS)

Abstract: 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.

Keywords: Loan Securitisation; Structured Finance; CLO; ABS (search for similar items in EconPapers)
JEL-codes: D81 G15 G21 M20 (search for similar items in EconPapers)
Date: 2002
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Citations: View citations in EconPapers (4)

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https://www.econstor.eu/bitstream/10419/78060/1/752397389.pdf (application/pdf)

Related works:
Working Paper: Collateralized Loan Obligations (CLOs) – A Primer (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:cfswop:200213

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