Structure and Analysis of CDO

Author: (USA) Goodman (Goodman/L.S.) et al. / Shanghai Yongjia Investment Management Co., Ltd.
Publisher:
Publish Date: 2005-04-01
Features: Reduce investment risk, improve asset liquidity, achieve high yields: CDO is currently popular in the capital markets of Western countries, with its total volume experiencing exponential growth. CDO has stable structures, high transparency, high standardization, high yields, and low industry correlation. CDO opens a window for us to solve the issues of guaranteed returns and profits through the market. The development of CDO in China is still in its early stages, lacking systematic institutional and functional support. The debt (CDO) market is an exciting and highly profitable market. This book will help you understand this emerging market and its products, as well as master how to profit from it. The book introduces the construction, pricing, and trading of CDO, with theories ranging from basic to advanced and easy to understand, making it an invaluable financial book. This book is primarily aimed at financial professionals, professors, and graduate students in finance. The content includes:
● Cash flow structure and market value structure
● Synthetic structures
● Structures secured by investment-grade corporate bonds and loans, emerging market bonds, and structured financing products
● Assessing appropriate default rates for high-yield security collateral structures
● Analysis of intermediate tranches and equity tranches
● Analysis of PIK tranches
● Structured finance and CDO arbitrage