Collateralised loan obligations (CLOs) : a primer
- The following descriptive paper surveys the various types of loan securitisation and provides a working definition of so-called collateralised loan obligations (CLOs). Free of the common rhetoric and slogans, which sometimes substitute for understanding of the complex nature of structured finance, this paper describes the theoretical foundations of this specialised form of loan securitisation. Not only the distinctive properties of CLOs, but also the information economics inherent in the transfer of credit risk will be considered, so that we can equally privilege the critical aspects of security design in the structuring of CLO transactions.
| Author: | Andreas A. Jobst |
|---|---|
| URN: | urn:nbn:de:hebis:30-10030 |
| Parent Title (German): | Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2002,13 |
| Series (Serial Number): | CFS working paper series (2002, 13) |
| Publisher: | CFS |
| Place of publication: | Frankfurt am Main |
| Document Type: | Working Paper |
| Language: | English |
| Year of Completion: | 2002 |
| Year of first Publication: | 2002 |
| Publishing Institution: | Universitätsbibliothek Johann Christian Senckenberg |
| Release Date: | 2005/06/13 |
| Tag: | ABS; CLO; Loan Securitisation; Structured Finance |
| GND Keyword: | Asset-Backed Security; Kreditsicherheit; Kreditsicherung; Informationsökonomie |
| Page Number: | 103 |
| HeBIS-PPN: | 203255348 |
| Institutes: | Wissenschaftliche Zentren und koordinierte Programme / Center for Financial Studies (CFS) |
| Dewey Decimal Classification: | 3 Sozialwissenschaften / 33 Wirtschaft / 330 Wirtschaft |
| Licence (German): |  Deutsches Urheberrecht |
