The document outlines the structure and benefits of a Collateralized Loan Obligation (CLO), a finance company set up to purchase and manage a pool of primarily senior secured bank loans. It details the liability ratings, percentage allocations, and spreads over LIBOR for different tranches, as well as the weighted average cost of debt. The document also describes the asset pool and securitization structure, including the roles of collateral managers, CLO issuers, and monitoring functions.
documents/vol00010-efta01462182-pdf.pdf
{"title":"CLO - Simple and Transparent Structure Used Since Early 1990s","document_type":"tabular","key_organizations":["Deutsche Bank"],"reference_numbers":["DB-SDNY-0124601","SDNY_GM_00270785","EFTA01462182"]}