Background
Collateralised Debt Obligations (CDOs), Asset Backed Securities (ABSs) and Mortgage Backed Securities (MBSs) besides CMOs and similar products are of increasing interest and importance in the Credit Market. Potential Investors see these instruments as providing a combination of security and a higher return. Borrowers see them as useful tools to generate leverage in many situations e.g. Private Equity, Structured Products etc
This one day course assumes no prior knowledge in this area and aims to give an overview of:
- The background to the Asset Backed Securities (ABS) market, widely defined;
- Looks at the origins and functions of Mortgage Backed Securities (MBS);
- Explains why and how different institutions use the CDO market
- Describes in turn the different structures for CMO, CBO, and CLOs
- Explain the terminology in the market;
- Provide examples and case studies of different CDO structures and uses.
MAIN CONTENT SECTIONS - more details on request
Introduction to Securitisation
Introduction to Colateralised Mortgage Obligations (CMOs)
Introduction to Collateralised Bond Obligations (CBOs)
Introduction to Collateralised Loan Obligations (CLOs)
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