I guys,
I have a question regarding CDOs.
Lets say we have a classic CDO /non-synthetic/, which holds a pool of mortgages and passes the cashflow on to the investors. What happens after the first mortgages start to default - how does it affect the payouts to various tranches?
Does it work...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.