Collateralized loan obligation


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Related to Collateralized loan obligation: Collateralized debt obligation

Collateralized loan obligation (CLO)

A security backed by a pool of commercial or personal loans , structured so that there are several classes of bondholders with varying maturities, called tranches. Similar in structure to Collateralized Mortgage Obligations.

Collateralized Loan Obligation

An asset-backed security backed by the receivables on loans. Banks package and sell their receivables on loans to investors in order to reduce the risk coming from loan defaults. Returns on CLOs are paid in tranches; that is, the individual loans backing a CLO have different maturities, and investors are paid out as each matures. Banks offer higher interest rates to investors willing to buy CLOs backed by higher-risk loans. From a bank's perspective, in addition to reducing risk, CLOs also reduce their capital requirements by raising funds through the issue of CLOs. See also: Collateralized mortgage obligation.
References in periodicals archive ?
Ellington Financial LLC is a specialty finance company that invests in a diverse array of financial assets, including residential and commercial mortgage-backed securities, residential and commercial mortgage loans, consumer loans and asset-backed securities backed by consumer loans, collateralized loan obligations, corporate equity and debt securities (including distressed debt), non-mortgage and mortgage-related derivatives, equity investments in mortgage-related entities, and other strategic investments.
At Onex Credit, Onex manages and invests in leveraged loans, collateralized loan obligations and other credit securities.
(NASDAQ: ACSF) is a diversified closed-end investment management company that invests primarily in senior first lien and second lien floating rate loans to large-market US based companies and in debt and equity tranches of collateralized loan obligations collateralized by senior floating rate loans.
The scope of the criteria has been expanded to include smaller pools (20-30 loans), including CRE collateralized loan obligations (CRE CLOs).
(NASDAQ: ACSF) is a non-diversified closed-end investment management company that invests primarily in senior first lien and second lien floating rate loans to large-market US based companies and in debt and equity tranches of collateralized loan obligations collateralized by senior floating rate loans.
Octagon is a New York-based manager of specialized credit asset classes, including collateralized loan obligations, bank loans and high yield bonds.
The company also invests in corporate debt and equity securities, collateralized loan obligations, consumer loans and asset-backed securities backed by consumer and commercial assets, non-mortgage-related derivatives, and other financial assets, including private debt and equity investments in mortgage-related entities.
Securities and Exchange Commission, affirmed 16 tranches from 10 collateralized loan obligations (CLOs).
GLM invests in and manages collateralized loan obligations ("CLOs") that are intended to be compliant with US and European Risk Retention regulations.
THL Credit Advisors LLC is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds.
collateralized loan obligations (CLOs) began the year at a considerably slower pace than issuance in the prior three years, according to Fitch Ratings.