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Emerald, Montag, 11.02.2008, 14:35 (vor 6559 Tagen) @ aprilzi

Collateralized Loan Obligation (CLO)

A special purpose vehicle (SPV) with securitization payments in the form of different tranches. Financial institutions back this security with receivables from loans.

Identical to a CMO except for the assets securing the obligation. CLOs allow banks to reduce regulatory capital requirements by selling large portions of their commercial loan portfolios to international markets, reducing risks associated with lending.

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