LOS j: Describe collateralized debt obligations.
A CDO issued to profit on the spread between the return on the underlying assets and the return paid to investors is referred to as a(n):
A CDO (collaterized debt obligation) issued to profit on the spread between the return on the underlying assets and the return paid to investors is referred to as an arbitrage CDO. A balance sheet CDO is created by a bank or insurance company wishing to reduce their loan exposure on the balance sheet. Spread CDO is a fabricated term.
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发表于 2010-4-24 22:17
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