ABBREVIATION for collateralized debt obligation 债权抵押证券
The cash flowing from mortgage payments into a single CDO had to filter up through several layers.
现金经由按揭偿付进入单一CDO需要经过多层过滤。
So in a synthetic CDO, those who owned the riskiest tranches got more of the premium but lost out when defaults occurred.
因此，在一整份合成CDO中，风险最高的部分收费最高，但在违约发生时就变成一张废纸。
However, many market participants were equally reassuring about the health of the CDO market in early 2007-and look how that turned out.
然而，在2007年早些时候，许多市场参与者也对CDO市场的健康状况信誓旦旦，其结局早已有目共睹。
应用推荐