CDO Warehouses Close, Tighten Lines

02 Mar 2007

Volatility in asset-backed securities has led to dealers shutting down high-grade collateralized debt obligation warehouses or tightening their lines of credit.

-- Olivia Thetgyi

Volatility in asset-backed securities has led to dealers shutting down high-grade collateralized debt obligation warehouses or tightening their lines of credit. “If dealers have too much risk, they’ll sell the collateral they can get the highest price on first,” said Fred Matera, co-head of structured credit ...

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