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Article: Cash flow analytics for CDO transactions.(collateralized debt obligations)
- Article from:
- The Securitization Conduit
- Article date:
- March 22, 2002
- Author:
CopyrightCOPYRIGHT 2002 Financier, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The exact capital structure for cash flow CDO transaction, or for synthetic CDO transaction with cash flow components, is determined by modeling cash flow simulations under different assumptions. The aim of this analysis is to show that each tranche can withstand the stresses commensurate with the desired rating.
I. INTRODUCTION
The exact capital structure for cash flow CDO transaction, or for synthetic CDO transaction with cash flow components, is determined by modeling cash flow simulations under different assumptions. The aim of this analysis is to show that each tranche can withstand the stresses commensurate with the desired rating. Relevant ...