Barclays chose riskier
synthetic assets so as to win its best against them, and chose safer cash assets to ensure that its bet would actually pay off," Space Coast wrote in its complaint, adding that the evidence "lay to rest any notions of chance and instead evince deliberate-indeed, malevolent-design.
For this purpose, assets are gathered into broad categories to form a small number of
synthetic assets and measures are created of the evolution of portfolio shares through time.
The second, and perhaps even graver problem, is that the legacy companies' culture is biased towards preserving their
synthetic assets.
A proxy for the expected return on liabilities can be developed by constructing a portfolio of
synthetic assets with a similar risk profile to the liabilities.
The collateral manager may also use the available TRS facility to gain exposure to cash assets and
synthetic assets structured as credit-linked notes and to effect conversions between cash and
synthetic assets.
PWCE is equal to the sum of 10% of outstanding CP used to finance the purchase of receivable pools, and a dynamic calculation for eligible securities, corporate obligations, and
synthetic assets, with a floor equal to the greater of 1% of outstanding CP and the lesser of $50.
When
synthetic assets experience credit events or floating amount events, protection payments first come from the principal collection account, then from the reserve account, and finally the class A-1 notes are drawn upon to cover losses.
The CDO is also permitted to invest in commercial mortgage-backed securities (CMBS), CRE CDOs, real estate investment trust (REIT) debt, and
synthetic assets.
The CDO is also permitted to invest in real estate investment trust (REIT) debt and
synthetic assets.
The CDO is also permitted to invest in commercial mortgage backed securities (CMBS), CRE CDOs, REIT debt, and
synthetic assets.
The CDO is also permitted to invest in commercial mortgage backed securities (CMBS), commercial real estate (CRE) CDOs, REIT debt, and
synthetic assets.
The CDO is also permitted to invest in real estate investment trust (REIT) debt, up to 5% and
synthetic assets, up to 15%.
