Stock Image

Collateralized Debt Obligations: First Loss Piece Retention, Combination Notes, and Tranching (Europäische Hochschulschriften / European University Studies / Publications Universitaires Européennes)

Schaber, Albert

Published by Peter Lang GmbH, Internationaler Verlag der Wissenschaften
ISBN 10: 3631587953 / ISBN 13: 9783631587959
New / Soft cover / Quantity Available: 1
From Kennys Bookstore (Olney, MD, U.S.A.)
Available From More Booksellers
View all  copies of this book
Add to basket
List Price:
Price: £ 42.52
Convert Currency
Shipping: £ 0
Within U.S.A.
Destination, Rates & Speeds

Save for Later

About the Book

Bibliographic Details

Title: Collateralized Debt Obligations: First Loss ...

Publisher: Peter Lang GmbH, Internationaler Verlag der Wissenschaften

Binding: Soft cover

Book Condition: New


Series: Europaeische Hochschulschriften / European University Studies / Publications Universitaires Europeennes. Num Pages: 180 pages, 28, 5 fig., 23 tables. BIC Classification: KCA; KCBM; KFFK; KJMV1. Category: (P) Professional & Vocational. Dimension: 151 x 210 x 13. Weight in Grams: 246. . 2009. 1st New edition. Paperback. . . . . Books ship from the US and Ireland. Bookseller Inventory # V9783631587959

About this title:

Book ratings provided by GoodReads:
0 avg rating
(0 ratings)

Synopsis: This book offers insights into three different aspects of Collateralized Debt Obligations (CDOs). The first section covers a mechanism that explains the sale of first loss positions to investors. The theoretical model is based on a repeated game and focuses on the role of issuer reputation. The second section empirically analyzes combination notes. These are a particular type of security issued in CDOs, consisting of parts of different tranches of one CDO transaction. The findings show that combination notes are used as an equity transfer vehicle and that their tranching caters to segmented demand. The third section finally analyzes the tranching of CDOs. A transaction cost-based hypothesis of tranching is proposed and verified empirically.

About the Author: The Author: Albert Schaber studied business administration at the Ludwig-Maximilians-University Munich (LMU) with stays abroad at the EMLYON Business School and the University of California at Berkeley. Having completed his studies he joined the Institute of Capital Market Research and Finance at LMU Munich as a research assistant. He currently works as a consultant in the financial services industry.

"About this title" may belong to another edition of this title.

Bookseller & Payment Information

Payment Methods

This bookseller accepts the following methods of payment:

  • American Express
  • MasterCard
  • Visa

[Search this Seller's Books]

[List this Seller's Books]

[Ask Bookseller a Question]

Bookseller: Kennys Bookstore
Address: Olney, MD, U.S.A.

AbeBooks Bookseller Since: 09 October 2009
Bookseller Rating: 5-star rating

Terms of Sale:

We guarantee the condition of every book as it's described on the Abebooks web
sites. If you're dissatisfied with your purchase (Incorrect Book/Not as
Described/Damaged) or if the order hasn't arrived, you're eligible for a refund
within 30 days of the estimated delivery date. For any queries please use the contact seller link or send an email to,

Conor Kenny

Shipping Terms:

All books securely packaged. Some books ship from Ireland.

Store Description: We carry a comprehensive range of out of print and rare books.