I'm trying to understand what a CLO is in the context of finance. Could someone please explain what it stands for and how it works in financial markets?
5 answers
KpopStarletShineBrightness
Sat Nov 23 2024
The pooled payments from these loans are then distributed.
BusanBeautyBloom
Sat Nov 23 2024
These payments are passed on to various classes of owners.
ShintoMystical
Sat Nov 23 2024
The owners are categorized into different tranches.
Nicola
Sat Nov 23 2024
Collateralized loan obligations (CLOs) represent a unique type of securitization.
Giulia
Sat Nov 23 2024
In this financial structure, multiple middle-sized and large business loans are aggregated.