Synthetic CDO that fails in subprime securitization
This illustrates a partially-funded synthetic CDO typical of the failed structure in the subprime meltdown. "Partially-funded" refers to the fact that only a fraction of the reference portfolio is collateralized (e.g., 7% to 15%); the investors purchase securities only on this funded tranche. "Synthetic" refers to the fact that credit risk is transferred not with a sale of loans to the SPE/SPV, but by the purchase of credit protection with credit default swaps (CDS).
Видео Synthetic CDO that fails in subprime securitization канала Bionic Turtle
Видео Synthetic CDO that fails in subprime securitization канала Bionic Turtle
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