Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
but by year of default

So the tranching is done a posteriori, the loans are not pre-sorted?

Say you have a CDO with three loans and three tranches. One of the loans default now, it is automatically assigned to the last tranche owner who now have a foreclosed house, right?

by Laurent GUERBY on Mon Aug 20th, 2007 at 02:27:07 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Occasional Series