PelatihA collateralised loan obligation (CLO) is an SPV that holds an actively managed, diversified portfolio of leveraged loans and funds it by issuing rated notes of decreasing seniority and unrated equity. Its payment waterfall is the order, fixed in its documents, in which the cash collected from the loans is paid out on each payment date.
Quantitative Finance · Glosarium
Apa itu Collateralised loan obligation, payment waterfall?
Dikenal juga sebagai: collateralised loan obligation · payment waterfall