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What is Understanding CLO Structures and Benefits about?
A CLO is a portfolio of leveraged bank loans that is securitized and sold to investors in various tranches. A CLO operates like a bank by benefiting from the spread between the higher interest earned on its loan assets and the lower interest it pays to debt tranche investors. The loan portfolio is managed by an asset manager who ensures diversification. Investors in senior tranches have the lowest risk and lowest returns, while equity tranche investors have the highest risk but can earn excess interest paym
- Author
- Akshat Goyal
- Language
- EN