Book description
Since 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 find in-depth insights gleaned from years of investment and credit experience as well as the examination of a wide range of issues, including cash CDOs, loans and CLOs, structured finance CDOs and collateral review, emerging market and market value CDOs, and synthetic CDOs. Use this book as your guide and take advantage of this dynamic market and its products.
Table of contents
- Cover Page
- THE FRANK J. FABOZZI SERIES
- Title Page
- Copyright
- Dedication
- Contents
- Preface
- About the Authors
- PART One: Introduction to Cash CDOs
-
PART Two: Loans and CLOs
-
CHAPTER 3: High-Yield Loans: Structure and Performance
- THE LOAN MARKET
- THE SYNDICATION PROCESS
- LOAN STRUCTURE AND LEADERS
- LOAN INTEREST RATES AND UPFRONT FEES
- LOAN 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
-
CHAPTER 3: High-Yield Loans: Structure and Performance
-
PART Three: Structured 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
- STRUCTURED FINANCE VERSUS CORPORATE DEFAULT RATES
- S&P RATING TRANSITION STUDIES AND THE MATRIX MULTIPLYING APPROACH
- RESULTS OF MULTIPLYING S&P RATING TRANSITION MATRICES
- S&P ON STRUCTURED FINANCE LOSS GIVEN DEFAULT
- S&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
- PART Four: Other Types of Cash CDOs
- PART Five: Synthetic CDOs
- PART Six: Default Correlation
- PART Seven: CDO Equity
- PART Eight: Other CDO Topics
- Index
Product information
- Title: Collateralized Debt Obligations: Structures and Analysis, Second Edition
- Author(s):
- Release date: May 2006
- Publisher(s): Wiley
- ISBN: 9780471718871
You might also like
book
Bonds and Bond Derivatives, Second Edition
This book provides an introduction to bond markets and bond derivatives for students as well as …
book
Accounting for Investments, Volume 2: Fixed Income Securities and Interest Rate Derivatives—A Practitioner's Guide
The financial crisis that started in mid-2007 resulted in the accounting standard setters and market regulators …
book
Handbook of Finance: Financial Markets and Instruments
Volume I: Financial Markets and Instruments skillfully covers the general characteristics of different asset classes, derivative …
book
Handbook of Finance: Valuation, Financial Modeling, and Quantitative Tools
Volume III Valuation, Financial Modeling, and Quantitative Tools contains the most comprehensive coverage of the analytical …