COLLATERALIZED DEBT OBLIGATION AND THE SUB PRIME MORTGAGE CRISIS OF 2008
Darshi, Priyanka (2011) COLLATERALIZED DEBT OBLIGATION AND THE SUB PRIME MORTGAGE CRISIS OF 2008. [Dissertation (University of Nottingham only)] (Unpublished)
Collateralised Debt Obligations are the structured products which were created as a Credit Risk Transfer vehicle. Being a structured product, its characteristics are quite complex and not fixed as it is customised as per investor demand and ability. The structure is not fixed in the senses it can have any permutation and combination of underlying collateral of the varied types of assets, with each arrangement giving a distinct product and making it difficult to assess its risk.
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