UID:
almafu_9959327919802883
Format:
1 online resource (xvi, 287 pages) :
,
illustrations
ISBN:
9781119197768
,
1119197767
,
9780470151396
,
0470151390
Series Statement:
The Frank J. Fabozzi series
Content:
Developments In Collateralized Debt Obligations. The fastest growing sector of the fixed income market is the market for collateralized debt obligations (CDOs). Fostered by the development of credit default swaps (CDS) on all types of indexes of corporate bonds, emerging market bonds, commercial loans, and structured products, new products are being introduced into this market with incredible speed.
Note:
Cover -- About the Authors -- Preface -- ACKNOWLEDGMENTS -- TOC36;Contents -- Part I58; Introduction -- CH36;Chapter 158; Review of Collateralized Debt Obligations -- Understanding CDOs -- CASH FLOW CDOs -- Synthetic Arbitrage CDOs -- Conclusion -- CH36;Chapter 258; Impact of CDOs on Collateral Markets -- COLLATERALIZED LOAN OBLIGATIONS AND THE HIGH45;YIELD BANK LOAN MARKET -- STRUCTURED FINANCE CDOs AND THE MEZZANINE MORTGAGE ABS MARKET -- TRUST45;PREFERRED SECURITIES CDOs AND THEIR COLLATERAL MARKET -- CONCLUSION -- CH36;Chapter 358; CDO Rating Experience -- CDO RATING DOWNGRADE DATA -- CDO AND TRANCHE RATING DOWNGRADE FREQUENCY -- CDO DOWNGRADE PATTERNS -- WHY DOWNGRADE PATTERNS63; -- DOWNGRADE SEVERITY -- EXTREME RATING DOWNGRADES -- CDO 8220;DEFAULTS8221; AND NEAR 8220;DEFAULTS8221; -- SUMMARY -- Part II58; Developments in Synthetic CDOs -- CH36;Chapter 458; ABS CDO Collateral Choices58; Cash44; ABCDS44; and the ABX -- GROWTH OF THE SUBPRIME SYNTHETIC MARKET -- IMPORTANCE OF ABCDS TO CDO MANAGERS -- ABCDS -- THE ABX INDEX -- FUNDAMENTAL CONTRACTUAL DIFFERENCES8212;SINGLE45;NAME ABCDS47;ABX INDEX47;CASH -- SUPPLY47;DEMAND TECHNICALS -- WHAT KEEPS THE ARBITRAGE FROM GOING AWAY63; -- BOTTOM LINE8212;BUYERS VERSUS SELLERS -- THE CASH47;ABCDS BASIS AND THE CDO ARBITRAGE -- SINGLE45;NAME ABCDS VERSUS ABX IN CDOs -- SUMMARY -- CH36;Chapter 558; Hybrid Assets in an ABS CDO -- CORPORATE CDS AND ABCDS -- ADVANTAGES OF HYBRID ASSETS IN AN ABS CDO -- ILLUSTRATIVE HYBRID ABS CDO STRUCTURE -- CASH FLOW CHALLENGES -- CONCLUSIONS -- CH36;Chapter 658; Synthetic CDO Ratings -- TESTS OF INDEX PORTFOLIOS -- AAA RATINGS AND EXPECTED LOSS VERSUS DEFAULT PROBABILITY -- BARBELL PORTFOLIOS -- SUMMARY -- CH36;Chapter 758; Credit Default Swaps on CDOs -- CDO CDS NOMENCLATURE -- CDO CREDIT PROBLEMS AND THEIR CONSEQUENCES -- ALTERNATIVE INTEREST CAP OPTIONS -- MISCELLANEOUS TERMS -- CASH CDO VERSUS CDO CDS -- EXITING A CDO CDS -- RATING AGENCY CONCERNS ON CDOS THAT SELL PROTECTION VIA CDO CDS -- SUMMARY -- Part III58; Emerging CDO Products -- CH36;Chapter 858; Trust45;Preferred CDOs -- TRUST45;PREFERRED SECURITIES -- OTHER TruPS CDO ASSETS -- TruPS CDO ISSUANCE -- BANK TruPS PREPAYMENTS AND NEW CDO ISSUANCE -- TruPS CDO STRUCTURE -- ASSUMPTIONS USED BY RATING AGENCIES -- TruPS CDO PERFORMANCE -- TruPS ISSUERS AND ISSUES -- SUMMARY -- CH36;Chapter 958; Commercial Real Estate Primer -- LOAN ORIGINATION -- PROPERTY45;LEVEL LOANS -- COMMERCIAL MORTGAGE45;BACKED SECURITIES -- REIT SECURITIES -- EVALUATING CREL AND CMBS -- CREL HISTORICAL PERFORMANCE -- CMBS HISTORICAL PERFORMANCE -- SUMMARY -- CH36;Chapter 1058; Commercial Real Estate CDOs -- CRE CDO DEFINED -- MARKET TRENDS -- CRE FINANCE BEFORE CDOs -- TYPES OF CRE CDOs -- CRE CDO PERFORMANCE -- INVESTORS -- CRE CDO CREDIT ANALYSIS -- RATING CRE CDOs -- SUMMARY -- CH36;Chapter 1158; CRE CDO Relative Value Methodology -- WHOLE LOAN CREL CDOs VERSUS HIGH45;YIELD CLOs -- INVESTMENT45;GRADE CMBS CDOs VERSUS MEZZANINE STRUCTURED FINANCE CDOs -- RELATIVE VALUE AMONG CRE CDOs -- SUMMARY -- Part IV58; Other CDO Topics -- CH36;Chapter 1258; Rating Agency Research on CDOs -- USING RATING WATCHES AND OUTLOOKS TO IMPROVE THE DEFAULT PREDICTION PO.
Additional Edition:
Print version: Developments in collateralized debt obligations. Hoboken, N.J. : Wiley, ©2007 ISBN 9780470135549
Additional Edition:
ISBN 0470135549
Language:
English
Keywords:
Electronic books.
;
Electronic books.
;
Electronic books.
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9781119197768
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9781119197768
URL:
https://onlinelibrary.wiley.com/doi/book/10.1002/9781119197768
Bookmarklink
