Synthetic Collateralized Debt Obligation

Synthetic Collateralized Debt Obligation

A collateralized debt obligation that invests in credit default swaps. This investment can lead to large returns for holders of the CDO; however, the nature of credit default swaps may leave the holders liable for more than their initial investments, should there be significant changes in the credit default swaps.
References in periodicals archive ?
The stock market extended early morning losses on news that the SEC charged Goldman Sachs (NYSE:GS) with fraud in the structuring and marketing of ABACUS 2007AC1, a synthetic collateralized debt obligation tied to subprime mortgages.
The securitization market is likely to receive ammunition especially from active issues of two types of sophisticated securities -- residential mortgage-backed securities (RMBS) and cash flow and synthetic collateralized debt obligation (CDO), Standard & Poor's Corp.
corporate synthetic collateralized debt obligation (CDO) transactions.
Halcyon 2005-1 is a static synthetic collateralized debt obligation (CDO) and closed on July 25, 2005.
s (A+/Stable/A-1) second European synthetic collateralized debt obligation (CDO), has been launched with some revisions to the proposed transaction as originally detailed in Standard & Poor's presale report dated Oct.
Corvus was a synthetic collateralized debt obligation (CDO) that closed on Dec.
London Wall is a synthetic collateralized debt obligation (CDO) predominately referencing a diverse portfolio of 257 senior unsecured corporate loans.
Halcyon 2005-2 is a synthetic collateralized debt obligation (CDO) and closed on Oct.
Goldman Sachs) for fraud and unjust enrichment in connection with a synthetic collateralized debt obligation (CDO) called ABACUS 2007-AC1 (ABACUS), which Goldman Sachs developed and sold on behalf of its hedge fund client Paulson & Co.
Salt Creek was a synthetic collateralized debt obligation (CDO) that closed in March 2005 and was managed by TCW Asset Management Co.
Horizon is a static synthetic collateralized debt obligation (CDO) and closed on April 6, 2005.
CMBSpoke 2005-I is a static synthetic collateralized debt obligation (CDO) and closed on June 8, 2005.