Collateralized debt obligations structures and analysis
Since first edition's publication, the CDO market has seen tremendous growth. As of 2005, 1.1 trillion of CDOs were outstanding -- making them the fastest-growing investment vehicle of the last decade. To help you keep up with this expanding market and its various instruments, Douglas Lucas, La...
| Autor principal: | |
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| Otros Autores: | , |
| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Hoboken, N.J. :
J. Wiley & Sons
c2006.
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| Edición: | 2nd ed |
| Colección: | Frank J. Fabozzi series.
Wiley finance series. |
| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009627024206719 |
Tabla de Contenidos:
- Collateralized Debt Obligations: Structures and Analysis Second Edition; Contents; Preface; About the Authors; Part I: Introduction to Cash CDOs; Chapter 1: Cash CDO Basics; WHY STUDY CDOs?; UNDERSTANDING CDOs; CREDIT STRUCTURES; A CDO STRUCTURAL MATRIX; CDOs BEING OFFERED TODAY; PARTIES TO A CDO; Chapter 2: Cash Flow CDOs; DISTRIBUTION OF CASH FLOWS; RESTRICTIONS ON MANAGEMENT: SAFETY NETS; CREDIT RATINGS; CALL PROVISIONS IN CDO TRANSACTIONS; Part II: Loans and CLOs; Chapter 3: High-Yield Loans: Structure and Performance; THE LOAN MARKET; THE SYNDICATION PROCESS; LOAN STRUCTURE AND LEADERS
- LOAN INTEREST RATES AND UPFRONT FEESLOAN CREDIT QUALITY; LENDER'S LIABILITY; OVERVIEW OF LOAN TERMS; LOAN TERMS VERSUS BOND TERMS; A TALE OF TWO LOANS; THE SECONDARY MARKET; LOAN RECOVERY RATES; LOAN DEFAULT RATES; HIGH-YIELD LOAN CLO VERSUS HIGH-YIELD BOND CBO PERFORMANCE; CONCLUSION; Chapter 4: European Bank Loans and Middle Market Loans; EUROPEAN BANK LOANS; MIDDLE MARKET LOANS; CONCLUSION; Part III: Structured Finance CDOs and Collateral Review; Chapter 5: Review of Structured Finance Collateral: Mortgage-Related Products; RESIDENTIAL MORTGAGE-BACKED SECURITIES
- COMMERCIAL MORTGAGE-BACKED SECURITIESREAL ESTATE INVESTMENT TRUST DEBT; Chapter 6: Review of Structured Finance Collateral: Nonmortgage ABS; CREDIT CARD RECEIVABLE-BACKED SECURITIES; AUTO LOAN-BACKED SECURITIES; STUDENT LOAN-BACKED SECURITIES; SBA LOAN-BACKED SECURITIES; AIRCRAFT LEASE-BACKED SECURITIES; FRANCHISE LOAN-BACKED SECURITIES; RATE REDUCTION BONDS; Chapter 7: Structured Finance Default and Recovery Rates; STRUCTURED FINANCE VERSUS CORPORATE DEFAULT RATES; S&P RATING TRANSITION STUDIES AND THE MATRIX MULTIPLYING APPROACH; RESULTS OF MULTIPLYING S&P RATING TRANSITION MATRICES
- S&P ON STRUCTURED FINANCE LOSS GIVEN DEFAULTS&P CONSTANT ANNUAL DEFAULT AND RECOVERIES; MOODY'S MATERIAL IMPAIRMENT STUDY; COMPARING AND RECONCILING STRUCTURED FINANCE DEFAULT RATES; MOODY'S ON STRUCTURED FINANCE HISTORICAL LOSS RATES; MOODY'S CONSTANT ANNUAL DEFAULT AND RECOVERIES; BLENDING S&P AND MOODY'S STUDIES; APPLYING CDRs AND RECOVERIES TO SF CDOs; CONCLUSION; Chapter 8: Structured Finance Cash Flow CDOs; SF CDOs VERSUS HIGH-YIELD CDOs; RATING AGENCIES ON STRUCTURED FINANCE CDOs; STRUCTURED FINANCE ASSETS' NEGATIVE CONVEXITY; EXTENSION RISK; CONCLUSION
- Part IV: Other Types of Cash CDOsChapter 9: Emerging Market CDOs; EM SOVEREIGN BOND DEFAULTS; WHY THE BETTER TRACK RECORD?; CDO RATING DIFFERENCES: EM VERSUS HIGH YIELD; CONCLUSION; Chapter 10: Market Value CDOs; CASH FLOW VERSUS MARKET VALUE DEALS; THE RATING PROCESS; HOW ADVANCE RATES ARE DERIVED; CONCLUSION; Part V: Synthetic CDOs; Chapter 11: Introduction to Credit Default Swaps and Synthetic CDOs; CREDIT DEFAULT SWAPS; SYNTHETIC CDOs; CONCLUSION; Chapter 12: Synthetic Balance Sheet CDOs; CASH CLOs FOR BALANCE SHEET MANAGEMENT; PARTIALLY FUNDED SYNTHETIC CDOs; CONCLUSION
- Chapter 13: Synthetic Arbitrage CDOs
