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A collateralized commodity obligation consists of commodity risk repackaged into a synthetic CDO structure. -
Securities arbitrage vehicles have evolved into a variety of structures, with arbitrage conduits and structured investment vehicles dominating the scene.
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In the past, microfinance has been viewed as charity serving the impoverished in underdeveloped countries.
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During the last two years a considerable amount of time and effort has been spent on ways in which state governments can increase revenues other than by increasing taxes.
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The commercial aviation industry has rebounded significantly in the past 18 months following a disastrous industry downturn stemming from shocks to consumer travel behaviour, including the events of 9/11, the Sudden Acute Respiratory Syndrome scare and the onset of the conflict in Iraq.
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Available funds caps are a common feature of European commercial mortgage-backed securities transactions.
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The US commercial real estate collateralised debt obligations (CRE CDO) market is well established, issuing since 1999, a total of around $30 billion.
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Common market best practice for pricing off-the-run or bespoke collateralized debt obligation tranches involves mapping implied base correlation surfaces calibrated from actively traded tranches such as those on the CDX or iTraxx.
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The volume of securitized secondary financing for second liens has more than quadrupled since 2001.
