Collateralized Debt Obligations and Structured Finance : New Developments in Cash and Synthetic Securitization

 Content: The CDO paradigm shift --
 The origins of securitization --
 Structured finance and special purpose entities --
 Credit derivatives and total rate of return swaps --
 Cash versus synthetic arbitrage CDOs --
 Cash flow caveats --
 Balance sheet CDOs --
 Structured finance and risk --Super senior sophistry --
 Selected structured finance products --
 Future development in structured finance.
 Abstract:             \"Collateralized Debt Obligations and Structured Finance provides a state-of-the-art look at the exploding CDO and structured credit products market. Financial expert Janet Tavakoli - author of the widely popular Credit Derivatives and Synthetic Structures - examines a variety of securitization topics never before seen in print, including the huge increase in the CDO arbitrage created by synthetics; the tranches most at risk from this new technology; dumping securitizations on bank balance sheets; the abuse of offshore vehicles by companies such as Enron; and securitizations made possible by new securitization techniques and the introduction of the Euro.\"--BOOK JACKET