Collateralised Loan Obligation

This Issue in United States

Collateralised Loan Obligation (clo)

Concept of Collateralised Loan Obligation (clo) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): The securities issued by a Special Purpose Vehicle (SPV) where the cashflows payable under such securities are generated from the receivables on a portfolio of loans. The securities are typically structured in a variety of tranches.

Resources

See Also

• Derivatives Contract