Arbeitspapier

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.

Language: Englisch

Bibliographic citation: Series: CFS Working Paper ; No. 2002/13

Classification: Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
International Financial Markets
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Business Economics: General

Subject: Loan Securitisation
Structured Finance
CLO
ABS

Event: Geistige Schöpfung

(who): Jobst, Andreas A.

Event: Veröffentlichung

(who): Goethe University Frankfurt, Center for Financial Studies (CFS)

(where): Frankfurt a. M.

(when): 2002

Handle: http://hdl.handle.net/10419/78060

URN: urn:nbn:de:hebis:30-10030

Last update: 10.03.2025, 11:41 AM CET

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Object type

Arbeitspapier

Associated

Jobst, Andreas A.
Goethe University Frankfurt, Center for Financial Studies (CFS)

Time of origin

2002

Other Objects (12)

Arbeitspapier

Collateralized Loan Obligations (CLOs): A Primer