Kurzbeschreibung Collateralized Debt Obligations, Second Edition provides updated coverage of this exciting and profitable market and describes the various products in the collateral debt obligation area, from cash flow CDOs and market value CDOs to synthetic CDOs. The authors provide new information on the building block approach to defining CDOs as well as fresh insights on European bank loans, and the U.S. high-yield loan market.
Aus dem Inhalt Preface.
About the Authors.
PART ONE: INTRODUCTION TO CASH CDOs.
CHAPTER 1: Cash CDO Basics.
CHAPTER 2: Cash Flow CDOs.
PART TWO: LOANS AND CLOs.
CHAPTER 3: High-Yield Loans: Structure and Performance.
CHAPTER 4. European Bank Loans and Middle Market Loans.
PART THREE: STURCTURED FINANCE CDOs AND COLLATERAL REVIEW.
CHAPTER 5: Review of Structured Finance Collateral: Mortgage-Related Products.
CHAPTER 6: Review of Structured Finance Collateral: Nonmortgage ABS.
CHAPTER 7: Structured Finance Default and Recovery Rates.
CHAPTER 8: Structured Finance Cash Flow CDOs.
PART FOUR: OTHER TYPES OF CASH CDOs.
CHAPTER 9: Emerging Market CDOs.
CHAPTER 10: Market Value CDOs.
PART FIVE: SYNTHETIC CDOs.
CHAPTER 11: Introduction to Credit Default Swaps and Synthetic CDOs.
CHAPTER 12: Synthetic Balance Sheet CDOs.
CHAPTER 13: Synthetic Arbitrage CDOs.
CHAPTER 14: A Framework for Evaluating Trades in the Credit Derivatives Market.
CHAPTER 15: Structured Finance Credit Default Swaps and Synthetic CDOs.
PART SIX: DEFAULT CORRELATION..
CHAPTER 16: Default Correlation: The Basics.
CHAPTER 17: Empirical Default Correlations: Problems and Solutions.
PART SEVEN: CDO EQUITY.
CHAPTER 18: Why Buy CDO Equity?
CHAPTER 19: CDO Equity Returns and Return Correlation.
PART EIGHT: OTHER CDO TOPICS.
CHAPTER 20: Analytical Challenges in Secondary CDO Market Trading.
CHAPTER 21: The CDO Arbitrage.
CHAPTER 22: How to Evaluate a CDO and Manage a CDO Portfolio.
CHAPTER 23: Quantifying Single-Name Risk Across CDOs.
