TY  - UNPD
A1  - Jobst, Andreas A.
T1  - Collateralised loan obligations (CLOs) : a primer
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2002,13
N2  - The following descriptive paper surveys the various types of loan securitisation and provides a working definition of so-called collateralised loan obligations (CLOs). Free of the common rhetoric and slogans, which sometimes substitute for understanding of the complex nature of structured finance, this paper describes the theoretical foundations of this specialised form of loan securitisation. Not only the distinctive properties of CLOs, but also the information economics inherent in the transfer of credit risk will be considered, so that we can equally privilege the critical aspects of security design in the structuring of CLO transactions.
T3  - CFS working paper series - 2002, 13 
KW  - Loan Securitisation
KW  - Structured Finance
KW  - CLO
KW  - ABS
KW  - Asset-Backed Security
KW  - Kreditsicherheit
KW  - Kreditsicherung
KW  - Informationsökonomie
Y1  - 2002
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4490
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-10030
PB  - CFS
CY  - Frankfurt am Main
ER  -