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Preface.
About the Authors.
PART ONE Introduction.
CHAPTER 1 Review of Collateralized Debt Obligations.
Understanding CDOs.
Cash Flow CDOs.
Synthetic Arbitrage CDOs.
Conclusion.
CHAPTER 2 Impact of CDOs on Collateral Markets.
Collateralized Loan Obligations and the High-Yield Bank Loan Market.
Structured Finance CDOs and the Mezzanine Mortgage ABS Market.
Trust Preferred Securities CDOs and their Collateral Market.
Conclusion.
CHAPTER 3 CDO Rating Experience.
CDO Rating Downgrade Data.
CDO and Tranche Rating Downgrade Frequency.
CDO Downgrade Patterns.
Why Downgrade Patterns?
Downgrade Severity.
Extreme Rating Downgrades.
CDO “Defaults” and Near “Defaults”.
Summary.
PART TWO Developments in Synthetic CDOs.
CHAPTER 4 ABS CDO Collateral Choices: Cash, ABCDS, and the ABX.
Growth of the Subprime Synthetic Market.
Importance of ABCDS to CDO Managers.
ABCDS.
The ABX Index.
Fundamental Contractual Differences—Single-Name ABCDS/ABX Index/Cash.
Supply/Demand Technicals.
What Keeps the Arbitrage From Going Away?
Bottom Line—Buyers versus Sellers.
The Cash/ABCDS Basis and the CDO Arbitrage.
Single-Name ABCDS versus ABX in CDOs.
Summary.
CHAPTER 5 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.
CHAPTER 6 Synthetic CDO Ratings.
Tests of Index Portfolios.
AAA Ratings and Expected Loss versus Default Probability.
Barbell Portfolios.
Summary.
CHAPTER 7Credit 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 THREE Emerging CDO Products.
CHAPTER 8 Trust-Preferred CDOs.
Trust-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.
CHAPTER 9 Commercial Real Estate Primer.
Loan Origination.
Property-Level Loans.
Commercial Mortgage-Backed Securities.
REIT Securities.
Evaluating CREL and CMBS.
CREL Historical Performance.
CMBS Historical Performance.
Summary.
CHAPTER 10 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.
CHAPTER 11 CRE CDO Relative Value Methodology.
Whole Loan CREL CDOs versus High-Yield CLOs.
Investment-Grade CMBS CDOs versus Mezzanine Structured Finance CDOs.
Relative Value among CRE CDOs.
Summary.
PART FOUR Other CDO Topics.
CHAPTER 12 Rating Agency Research on CDOs.
Using Rating Watches and Outlooks to Improve the Default Prediction Power of Ratings.
Changes in Rating Methodologies.
Conclusions.
CHAPTER 13 Collateral Overlap and Single-Name Exposure in CLO Portfolios.
Collateral Overlap in U.S. CLOs.
Favorite CLO Credits.
Single-Name Risk and Tranche Protections.
Excess Overcollateralization and Excess Overcollateralization Delta.
Summary.
Index.
| Price | Condition | Delivery | Seller | Action |
| $99.99 | Digital |
| WonderClub |
James Allen
reviewed Developments in the Collateralized Debt Obligation Markets: New Products and Strategies on August 09, 2013
Developments in the Collateralized Debt Obligation Markets: New Products and Strategies
If there were more people like Muhammad Yunus, then maybe his goal of stamping out poverty by 2050 will be achieved ' hell, maybe he'll be able to get Bangladesh there all on his own at the rate that he's going.
In "Creating A World Without Poverty,", Yunus talks about social businesses and the future of capitalism.
In this book, he talks about how, as Grameen Bank became more and more deeply rooted in the social conditions of the poor in Bangladesh, its mandate evolved and broadened as Yunus and his colleagues branched out from microcredit to social businesses.
This book was also partly the story of Grameen Danone came into being ' Danone, the French food products company, partnered with Grameen to produce affordable, nutritious yogurt for malnourished children in Bangladesh.
It's a fascinating case study in social business.
Also interesting: the epilogue includes a transcript of the lecture Yunus delivered in Oslo when he accepted the Nobel Peace Prize on behalf of Grameen Bank in 2006.
Definitely worth reading.
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Add Developments in the Collateralized Debt Obligation Markets: New Products and Strategies, 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 corpora, Developments in the Collateralized Debt Obligation Markets: New Products and Strategies to the inventory that you are selling on WonderClubX
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Add Developments in the Collateralized Debt Obligation Markets: New Products and Strategies, 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 corpora, Developments in the Collateralized Debt Obligation Markets: New Products and Strategies to your collection on WonderClub |