Structured Finance
Synthetic ABS Assignment

Prof. Ian H. Giddy, New York University

Look at the Global High Yield Bond Trust report. Write a one-page sales memo explaining to potential investors what they are getting, with special reference to the synthetic CLO portion. 
  • Describe the assets
  • Draw a diagram showing how the synthetic portion works
  • List possible risks and how (and whether) the investor in the subordinated tranche is protected.

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