Merrill Pitches Novel Principal-Only Strip Trade
Merrill Lynch is marketing a note linked to the principal-only strip of a super-senior tranche of a collateralized debt obligation currently failing one of its over-collateralization tests.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
