CDO Liquidations Driven By Legal Issues

18 Jan 2008

Some asset-backed securities collateralized debt obligations are choosing to liquidate rather than accelerate in order to avoid potential legal issues, according to lawyers involved.

Some asset-backed securities collateralized debt obligations are choosing to liquidate rather than accelerate in order to avoid potential legal issues, according to lawyers involved. The motivating factor behind shopping a bid list is to convert the CDO structure into a single-name portfolio held entirely by the super-senior investor ...

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