This document provides an overview of the Collateralized Loan Obligation (CLO) market opportunity, highlighting the growth in popularity of bank loan strategies due to their unique features such as senior secured status, attractive cash coupons, and floating rates. It discusses the structure and benefits of CLOs, including credit enhancement for senior debt tranches and non-recourse financing for equity. The document also covers the performance of CLOs through economic downturns, the active and transparent markets for loan collateral, and the strategic considerations for CLO equity investors.
documents/vol00010-efta01479719-pdf.pdf
{"title":"Deutsche Bank Corporate Banking & Securities - Customized Loan Exposure through CLOs","key_people":["Chris D'Auria"],"document_date":"2014","document_type":"financial","document_subtype":"Market Overview","key_organizations":["Deutsche Bank","Deutsche Bank Securities Inc."],"reference_numbers":["EFTA01479719","EFTA01479720","EFTA01479721","EFTA01479722","EFTA01479723","EFTA01479724","EFTA01479725","EFTA01479726","EFTA01479727","EFTA01479728","EFTA01479729","EFTA01479730","EFTA01479731","EFTA01479732","EFTA01479733","EFTA01479734","EFTA01479735","EFTA01479736","EFTA01479737","EFTA01479738","EFTA01479739","EFTA01479740","EFTA01479741","EFTA01479742","EFTA01479743","EFTA01479744","EFTA01479745","EFTA01479746","EFTA01479747","EFTA01479748","EFTA01479749","EFTA01479750","EFTA01479751","EFTA01479752","EFTA01479753","EFTA01479754","EFTA01479755","EFTA01479756","EFTA01479757"]}