Collateralized Debt Obligations and Structured Finance provides a state-of-the art look at the exploding CDO and structured credit products market. Financial expert Janet Tavakoli - author of the widely popular Credit Derivatives and Synthetic Structures - examines a variety of securitization topics never before seen in print, including the huge increase in the CDO arbitrage created by synthetics ; the tranches most at risk from this new technology ; dumping securitizations on bank balance sheets; the abuse of offshore vehicles by companies such as Enron; and securitizations made possible by new securitization techniques and the introduction of the Euro.

This valuable guide comprehensively covers one of the fastest growing markets on Wall Steet, predicting where new bank regulations and other developments may lead to product growth or product extinction. While providing an overview of the market and its dynamic growth. Collateralized Debt Obligations and Structured Finance, hedging techniques, and valuation and risk/return issues associated with investing in CDOs and synthetic CDOs.

Written in clear and accessible style, this book is a valuable resource that will provide you with critical insights into many areas of this important market sector.



About the author :

Janet M. Tavakoli is the President of Tavakoli Structured Finance, Inc. (www.tavakolistructuredfinance.com). Tavakoli has over eighteen years of experience trading, structuring, and marketing derivatives and structured products with major financial institutions in New York and london. She is a former Adjunct Associate Professor in the Finance Department of the University of Chicago's Graduate School of Business where she taught Derivatives. Tavakoli is also the former Executive Director and Head of Financial Engineering for the Global Capital Markets Group of WestLb in London.