LEADER 05366nam 22006614a 450 001 9910143731803321 005 20170815164106.0 010 $a1-119-19776-7 010 $a1-280-85546-0 010 $a9786610855469 010 $a0-470-15139-0 035 $a(CKB)1000000000356253 035 $a(EBL)292448 035 $a(OCoLC)156218062 035 $a(SSID)ssj0000138096 035 $a(PQKBManifestationID)11139525 035 $a(PQKBTitleCode)TC0000138096 035 $a(PQKBWorkID)10096983 035 $a(PQKB)10023650 035 $a(MiAaPQ)EBC292448 035 $a(EXLCZ)991000000000356253 100 $a20090204d2007 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aDevelopments in collateralized debt obligations$b[electronic resource] $enew products and insights /$fDouglas J. Lucas ... [et al.] 210 $aHoboken, N.J. $cWiley$dc2007 215 $a1 online resource (305 p.) 225 1 $aThe Frank J. Fabozzi series 300 $aDescription based upon print version of record. 311 $a0-470-13554-9 320 $aIncludes bibliographical references and index. 327 $aDevelopments in Collateralized Debt Obligations; Contents; Preface; ACKNOWLEDGMENTS; About the Authors; Part I: Introduction; Chapter 1: Review of Collateralized Debt Obligations; Understanding CDOs; CASH FLOW CDOs; Synthetic Arbitrage CDOs; Conclusion; Chapter 2: Impact of CDOs on Collateral Markets; COLLATERALIZED LOAN OBLIGATIONS AND THE HIGH-YIELD BANK LOAN MARKET; STRUCTURED FINANCE CDOs AND THE MEZZANINE MORTGAGE ABS MARKET; TRUST-PREFERRED SECURITIES CDOs AND THEIR COLLATERAL MARKET; CONCLUSION; Chapter 3: CDO Rating Experience; CDO RATING DOWNGRADE DATA 327 $aCDO AND TRANCHE RATING DOWNGRADE FREQUENCYCDO DOWNGRADE PATTERNS; WHY DOWNGRADE PATTERNS?; DOWNGRADE SEVERITY; EXTREME RATING DOWNGRADES; CDO "DEFAULTS" AND NEAR "DEFAULTS"; SUMMARY; Part II: Developments in Synthetic CDOs; Chapter 4: ABS CDO Collateral Choices: Cash, ABCDS, and the ABX; GROWTH OF THE SUBPRIME SYNTHETIC MARKET; IMPORTANCE OF ABCDS TO CDO MANAGERS; ABCDS; THE ABX INDEX; FUNDAMENTAL CONTRACTUAL DIFFERENCES-SINGLE-NAME ABCDS/ABX INDEX/CASH; SUPPLY/DEMAND TECHNICALS; WHAT KEEPS THE ARBITRAGE FROM GOING AWAY?; BOTTOM LINE-BUYERS VERSUS SELLERS 327 $aTHE CASH/ABCDS BASIS AND THE CDO ARBITRAGESINGLE-NAME ABCDS VERSUS ABX IN CDOs; SUMMARY; Chapter 5: Hybrid Assets in an ABS CDO; CORPORATE CDS AND ABCDS; ADVANTAGES OF HYBRID ASSETS IN AN ABS CDO; ILLUSTRATIVE HYBRID ABS CDO STRUCTURE; CASH FLOW CHALLENGES; CONCLUSIONS; Chapter 6: Synthetic CDO Ratings; TESTS OF INDEX PORTFOLIOS; AAA RATINGS AND EXPECTED LOSS VERSUS DEFAULT PROBABILITY; BARBELL PORTFOLIOS; SUMMARY; Chapter 7: Credit Default Swaps on CDOs; CDO CDS NOMENCLATURE; CDO CREDIT PROBLEMS AND THEIR CONSEQUENCES; ALTERNATIVE INTEREST CAP OPTIONS; MISCELLANEOUS TERMS 327 $aCASH CDO VERSUS CDO CDSEXITING A CDO CDS; RATING AGENCY CONCERNS ON CDOS THAT SELL PROTECTION VIA CDO CDS; SUMMARY; Part III: Emerging CDO Products; Chapter 8: Trust-Preferred CDOs; TRUST-PREFERRED SECURITIES; OTHER TruPS CDO ASSETS; TruPS CDO ISSUANCE; BANK TruPS PREPAYMENTS AND NEW CDO ISSUANCE; TruPS CDO STRUCTURE; ASSUMPTIONS USED BY RATING AGENCIES; TruPS CDO PERFORMANCE; TruPS ISSUERS AND ISSUES; SUMMARY; Chapter 9: Commercial Real Estate Primer; LOAN ORIGINATION; PROPERTY-LEVEL LOANS; COMMERCIAL MORTGAGE-BACKED SECURITIES; REIT SECURITIES; EVALUATING CREL AND CMBS 327 $aCREL HISTORICAL PERFORMANCECMBS HISTORICAL PERFORMANCE; SUMMARY; Chapter 10: Commercial Real Estate CDOs; CRE CDO DEFINED; MARKET TRENDS; CRE FINANCE BEFORE CDOs; TYPES OF CRE CDOs; CRE CDO PERFORMANCE; INVESTORS; CRE CDO CREDIT ANALYSIS; RATING CRE CDOs; SUMMARY; Chapter 11: CRE CDO Relative Value Methodology; WHOLE LOAN CREL CDOs VERSUS HIGH-YIELD CLOs; INVESTMENT-GRADE CMBS CDOs VERSUS MEZZANINE STRUCTURED FINANCE CDOs; RELATIVE VALUE AMONG CRE CDOs; SUMMARY; Part IV: Other CDO Topics; Chapter 12: Rating Agency Research on CDOs 327 $aUSING RATING WATCHES AND OUTLOOKS TO IMPROVE THE DEFAULT PREDICTION POWER OF RATINGS 330 $aDevelopments In Collateralized Debt Obligations The fastest growing sector of the fixed income market is the market for collateralized debt obligations (CDOs). Fostered by the development of credit default swaps (CDS) on all types of indexes of corporate bonds, emerging market bonds, commercial loans, and structured products, new products are being introduced into this market with incredible speed. In order to keep up with this dynamic market and its various instruments, you need a guide that provides you with the most up-to-date information available. That's why Douglas Lucas, Laur 410 0$aFrank J. Fabozzi series. 606 $aAsset-backed financing 606 $aDebt 606 $aMortgage-backed securities$zUnited States 608 $aElectronic books. 615 0$aAsset-backed financing. 615 0$aDebt. 615 0$aMortgage-backed securities 676 $a332.6323 701 $aLucas$b Douglas J$0869794 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910143731803321 996 $aDevelopments in collateralized debt obligations$91941900 997 $aUNINA