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Collateralized Debt Obligation

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Definition:
Collateralized debt obligations (CDOs) are investment vehicles comprised of a portfolio of credit risk exposures, which are segmented into different risk classes/tranches with differing risk, maturity, and returns. CDO portfolios can be made up of cash assets (Cash CDOs) such as bonds and loans or may be synthetic based (Synthetic CDOs) which are backed by credit default swaps (CDS).

Related Concepts:

Collateralized Mortgage Obligation
Subprime Mortgage Crisis
 

Available Positions Related to Collateralized Debt Obligation:

Alternative Investments jobs

Asset & Investment Management jobs

Investment Banking jobs

 

Relevant Functional Areas:

Alternative Investments
Asset Management
Hedge Funds
Investment Banking
 

Related Job Titles:

Credit Risk
Portfolio Manager
 

Synonyms:

CDO
Collateralized Bond Obligation
Collateralized Loan Obligation