1
Q
CDOs
A
Collateralized Debt Obligations
* Obligations - Usually Corporate Loans
* Backed by a pool of debt obligations
2
Q
CLO
A
Collateral Loan Obligations
* Leverage loans
* Redistributes Loan CF
* Backed by a pool of floating-rate loan obligations
3
Q
MBS
A
Mortgage Backed Securities
* Backed by a pool of commercial (CMBS) or residential (RMBS) mortgages
4
Q
ABS
A
Asset Backed Securities
* Assets backed by securities
* Auto loans, credit card receivables, student loans
5
Q
Covered bonds
A
Senior debt obligation back by a pool of mortgages or other assets
Full recourse to the issuer
CFA Level III
flashcards
Decks in class (31)
# Cards
-
Trade Strategy Implementation8
-
Delta Hedging8
-
Investment objective of Option strategy8
-
Durations9
-
Types of Option Strategies27
-
Benchmark for Trade execution - Trading strategy3
-
Wealth Management Terminology5
-
Building Blocks of Portfolio Construction1
-
Performance measure11
-
Payoff Structure for Derivatives6
-
Execution Algorithms12
-
Yield Curve & Business cycle stages9
-
Institutional Investors4
-
Sovereign Wealth Funds5
-
Market Manipulation Tactics9
-
Benchmark quality9
-
Types of benchmarks12
-
Derivatives - Strategies, Skewness and Volatility9
-
Measuring Volatility skew4
-
Strategy selection For Derivatives7
-
Portfolio Rebalancing22
-
Spreads and Economy18
-
Asset Class Specification4
-
Benchmark Segmentation12
-
Biases and Traps6
-
Effective Governance Models Elements13
-
Risk Attribution6
-
NDF12
-
EM risk of high currency inflow2
-
Portfolio construction - Active share and Active risk5
-
Structured Credit (CDO's)5
