Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/78060
Authors: 
Jobst, Andreas A.
Year of Publication: 
2002
Series/Report no.: 
CFS Working Paper 2002/13
Abstract: 
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.
Subjects: 
Loan Securitisation
Structured Finance
CLO
ABS
JEL: 
D81
G15
G21
M20
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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