05767nam 22007934a 450 991101995050332120200520144314.09786610450411978111920131111192013149781280450419128045041X97804700453120470045310(CKB)1000000000355180(EBL)258891(SSID)ssj0000124671(PQKBManifestationID)11134849(PQKBTitleCode)TC0000124671(PQKBWorkID)10024317(PQKB)11440952(MiAaPQ)EBC258891(CaSebORM)9780471718871(OCoLC)70808146(FR-PaCSA)10236420(FRCYB10236420)10236420(Perlego)2755042(EXLCZ)99100000000035518020060802d2006 uy 0engur|n|---|||||txtccrCollateralized debt obligations structures and analysis /Douglas J. Lucas, Laurie S. Goodman, Frank J. Fabozzi2nd ed.Hoboken, N.J. J. Wiley & Sonsc20061 online resource (529 p.)The Frank J. Fabozzi seriesWiley financeRev. ed. of : Collateralized debt obligations / Laurie S. Goodman, Frank J. Fabozzi. c2002.9780471718871 0471718874 Includes bibliographical references and index.Collateralized Debt Obligations: Structures and Analysis Second Edition; Contents; Preface; About the Authors; Part I: Introduction to Cash CDOs; Chapter 1: Cash CDO Basics; WHY STUDY CDOs?; UNDERSTANDING CDOs; CREDIT STRUCTURES; A CDO STRUCTURAL MATRIX; CDOs BEING OFFERED TODAY; PARTIES TO A CDO; Chapter 2: Cash Flow CDOs; DISTRIBUTION OF CASH FLOWS; RESTRICTIONS ON MANAGEMENT: SAFETY NETS; CREDIT RATINGS; CALL PROVISIONS IN CDO TRANSACTIONS; Part II: Loans and CLOs; Chapter 3: High-Yield Loans: Structure and Performance; THE LOAN MARKET; THE SYNDICATION PROCESS; LOAN STRUCTURE AND LEADERSLOAN INTEREST RATES AND UPFRONT FEESLOAN CREDIT QUALITY; LENDER'S LIABILITY; OVERVIEW OF LOAN TERMS; LOAN TERMS VERSUS BOND TERMS; A TALE OF TWO LOANS; THE SECONDARY MARKET; LOAN RECOVERY RATES; LOAN DEFAULT RATES; HIGH-YIELD LOAN CLO VERSUS HIGH-YIELD BOND CBO PERFORMANCE; CONCLUSION; Chapter 4: European Bank Loans and Middle Market Loans; EUROPEAN BANK LOANS; MIDDLE MARKET LOANS; CONCLUSION; Part III: Structured Finance CDOs and Collateral Review; Chapter 5: Review of Structured Finance Collateral: Mortgage-Related Products; RESIDENTIAL MORTGAGE-BACKED SECURITIESCOMMERCIAL MORTGAGE-BACKED SECURITIESREAL ESTATE INVESTMENT TRUST DEBT; Chapter 6: Review of Structured Finance Collateral: Nonmortgage ABS; CREDIT CARD RECEIVABLE-BACKED SECURITIES; AUTO LOAN-BACKED SECURITIES; STUDENT LOAN-BACKED SECURITIES; SBA LOAN-BACKED SECURITIES; AIRCRAFT LEASE-BACKED SECURITIES; FRANCHISE LOAN-BACKED SECURITIES; RATE REDUCTION BONDS; Chapter 7: Structured Finance Default and Recovery Rates; STRUCTURED FINANCE VERSUS CORPORATE DEFAULT RATES; S&P RATING TRANSITION STUDIES AND THE MATRIX MULTIPLYING APPROACH; RESULTS OF MULTIPLYING S&P RATING TRANSITION MATRICESS&P ON STRUCTURED FINANCE LOSS GIVEN DEFAULTS&P CONSTANT ANNUAL DEFAULT AND RECOVERIES; MOODY'S MATERIAL IMPAIRMENT STUDY; COMPARING AND RECONCILING STRUCTURED FINANCE DEFAULT RATES; MOODY'S ON STRUCTURED FINANCE HISTORICAL LOSS RATES; MOODY'S CONSTANT ANNUAL DEFAULT AND RECOVERIES; BLENDING S&P AND MOODY'S STUDIES; APPLYING CDRs AND RECOVERIES TO SF CDOs; CONCLUSION; Chapter 8: Structured Finance Cash Flow CDOs; SF CDOs VERSUS HIGH-YIELD CDOs; RATING AGENCIES ON STRUCTURED FINANCE CDOs; STRUCTURED FINANCE ASSETS' NEGATIVE CONVEXITY; EXTENSION RISK; CONCLUSIONPart IV: Other Types of Cash CDOsChapter 9: Emerging Market CDOs; EM SOVEREIGN BOND DEFAULTS; WHY THE BETTER TRACK RECORD?; CDO RATING DIFFERENCES: EM VERSUS HIGH YIELD; CONCLUSION; Chapter 10: Market Value CDOs; CASH FLOW VERSUS MARKET VALUE DEALS; THE RATING PROCESS; HOW ADVANCE RATES ARE DERIVED; CONCLUSION; Part V: Synthetic CDOs; Chapter 11: Introduction to Credit Default Swaps and Synthetic CDOs; CREDIT DEFAULT SWAPS; SYNTHETIC CDOs; CONCLUSION; Chapter 12: Synthetic Balance Sheet CDOs; CASH CLOs FOR BALANCE SHEET MANAGEMENT; PARTIALLY FUNDED SYNTHETIC CDOs; CONCLUSIONChapter 13: Synthetic Arbitrage CDOsSince first edition's publication, the CDO market has seen tremendous growth. As of 2005, 1.1 trillion of CDOs were outstanding -- making them the fastest-growing investment vehicle of the last decade. To help you keep up with this expanding market and its various instruments, Douglas Lucas, Laurie Goodman, and Frank Fabozzi have collaborated to bring you this fully revised and up-to-date new edition of Collateralized Debt Obligations. Written in a clear and accessible style, this valuable resource provides critical information regarding the evolving nature of the CDO market. You'll fiFrank J. Fabozzi series.Wiley finance series.Asset-backed financingDebtAsset-backed financing.Debt.332.63/2Lucas Douglas J1839117Goodman Laurie S1840480Fabozzi Frank J109596Goodman Laurie S1840480MiAaPQMiAaPQMiAaPQBOOK9911019950503321Collateralized debt obligations4421844UNINA