“CDO-Squared”的意思、由来-开放百科全书

词条

CDO-Squared

释义

References

CDO-Squared is a collateralized debt obligations backed primarily by the tranches issued by other CDOs.^[1] These instruments became popular before the financial crisis of 2007–08. There were 36 CDO-Squared deals made in 2005, 48 in 2006 and 41 in 2007. Merrill Lynch was a big producer, creating and selling 11 of them.^[2]

The collapse of the market for collateralized debt obligations and CDO-Squared contributed to the 2008 subprime mortgage crisis.^[3] Goldman Sachs

appears to be the last bank to hold CDOs-Squared, holding $50 million in June 2018.^[4]

References

1. ^{{cite web|title=CDOs-Squared Demystified |url=https://www.markadelson.com/pubs/CDOs-Squared_Demystified.pdf |publisher=Nomura Fixed Income Research | date=2005 |accessdate=2018-10-04 }}
2. ^The Financial Crisis Inquiry Report, 2011, p.203
3. ^{{cite web |title=Collateralized Debt Obligation Squared - CDO-Squared |url=https://www.investopedia.com/terms/c/cdo2.asp |website=Investopedia |accessdate=2018-10-04}}
4. ^{{cite web |last1=Woodall |first1=Louie |title=Goldman Sachs is last major bank holding CDO squared | date=2018-10-03 |url=https://www.risk.net/risk-quantum/6002576/goldman-sachs-is-last-major-bank-holding-cdo-squared |website=Risk Quantum}}

2 : Derivatives (finance)|United States housing bubble

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