As investors as well as arrangers and managers became more comfortable with the mechanics of CDOs in the early years of this decade, they began to experiment with an increasingly diverse range of collateral types, which is why the acronym 'CDO' has become a generic term to describe a number of obligations that can be collateralised by bonds (CBOs), loans (CLOs) or other assets.
In 2004 Barclays Capital, for example, pioneered the development of the collateralised commodity obligation (CCO) refere
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- ABS set for revival under US Treasury’s liquidity buffer plans
- Leaked EU doc could shield legacy swaps from clearing grab
- Industry hails potential US relaxation of margin timing rules
- SGX, HKEX expect to be among first wave of Mifid II equivalence