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Synthetic CDO
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| - | A synthetic credit default obligation is a derivative resulted from the [[Securitization|securitization of a portfolio of CDSs which is being sold by a lender or issuer to a Special Purpose Entity (SPE) which then issues securities in the form of notes collateralised by the portfolio of bonds or loans. | + | A synthetic credit default obligation is a derivative resulted from the [[Securitisation|securitisation of a portfolio of CDSs which is being sold by a lender or issuer to a Special Purpose Entity (SPE) which then issues securities in the form of notes collateralised by the portfolio of bonds or loans. |
Revision as of 10:02, 9 June 2009
A synthetic credit default obligation is a derivative resulted from the [[Securitisation|securitisation of a portfolio of CDSs which is being sold by a lender or issuer to a Special Purpose Entity (SPE) which then issues securities in the form of notes collateralised by the portfolio of bonds or loans.