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.

*) jetzt dort verwendbar ; Rezikliertes Altpapier

Die naechsten Abschreibungen werdnen die CLOs sein. Den Banken droht die naechste Krise.

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