Developments 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, Laurie Goodman, Frank Fabozzi, and Rebecca Manning have created Developments in Collateralized Debt Obligations. Filled with in-depth insights regarding new products, like hybrid assets in ABS CDOs and trust preferred CDOs, and detailed discussions on important issues-such as the impact of CDOs on underlying collateral markets-this book will bring you completely up to speed on essential developments in this field. Written in a straightforward and accessible style, Developments in Collateralized Debt Obligations will enhance your understanding of this ever-evolving market-and its numerous products.

Developments in Collateralized Debt Obligations: New Products and Insights | Douglas J. Lucas | John Wiley & Sons

        

Table of Contents

Chapter 1: Review of Collateralized Debt Obligations

Understanding CDOs, Cash Flow CDOs, Synthetic Arbitrage CDOs

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

Chapter 3: CDO Rating Experience

CDO Rating Downgrade Data, CDO and Tranche Rating Downgrade Frequency, CDO Downgrade Patterns, Why Downgrade Patterns?, Downgrade Severity, Extreme Rating Downgrades, CDO “Defaults” and Near “Defaults”.

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, The Cash/ABCDS Basis and the CDO Arbitrage, Single-Name ABCDS versus ABX in CDOs

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.

LINK FOR THE BOOK

https://www.amazon.com/Developments-Collateralized-Debt-Obligations-Products/dp/0470135549