CLO

CLO
International
Also referred to as CLO. Structured finance instruments (being debt securities (debt security) in the form of bonds or notes) which are backed, that is funded by and secured over, a portfolio of loans.
USA
A type of debt security, typically issued by a special purpose entity, created to securitize large pools of corporate loans (other than mortgages). The CLO issuer will hold and manage several tranches of loans grouped by credit rating; with each tranche having the right to the collateral and payment stream of the underlying loans in descending order (lower rated tranches hold increasingly subordinated rights to the collateral and payment stream).
CLOs allow banks to remove the loans from their balance sheets, reduce regulatory capital requirements and improve their return on capital. CLOs are major institutional investors in the leveraged loan market.
See also

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • cło — {{/stl 13}}{{stl 8}}rz. n I, Mc. cle; lm D. ceł {{/stl 8}}{{stl 7}} opłata pobierana przez państwo przy wwożeniu, i wywożeniu towaru przez granicę lub przewożeniu towaru tranzytem : {{/stl 7}}{{stl 10}}Nakładać, nałożyć cło na coś. Obłożyć jakiś… …   Langenscheidt Polski wyjaśnień

  • Clo — clo. onomat. U. para representar la voz propia de la gallina clueca. U. m. repetida. * * * Unidad de medida empleada para el Índice de indumento, que procede del inglés cloth, vestimenta. La unidad se define como el aislamiento térmico que… …   Enciclopedia Universal

  • clo — «kloh», noun. a unit for measuring the amount of insulation or warmth provided by a garment: »How well a coat or any other garment traps body heat is measured in units called clos (Elizabeth A. McCullough). ╂[< clo(thing)] …   Useful english dictionary

  • CLO — steht für: Collateralized Loan Obligation, ein forderungsbesichertes Wertpapier Campylobacter Like Organism, campylobacterähnliche Erreger Chief Learning Officer, eine Führungskraftbezeichnung innerhalb eines Unternehmens Chief Listening Officer …   Deutsch Wikipedia

  • CLO — CLO, sigle composé des trois lettres C, L et O, peut faire référence à : aéroport Alfonso Bonilla Aragon, à Cali en Colombie, selon la liste des codes AITA des aéroports, Conselh de la Lenga Occitana (Conseil de la Langue Occitane) Cahiers… …   Wikipédia en Français

  • Clo- — ↑ Chlor …   Universal-Lexikon

  • clo — interj. (var.) Cloc. (cf. cloc) Trimis de tavi, 13.09.2007. Sursa: DER …   Dicționar Român

  • Clo — Curieux nom porté dans le Haut Rhin au moins depuis le XVIIe siècle. Difficile de se prononcer, mais il pourrait s agir d un hypocoristique de Nicolas, à rapprocher de formes telles que Niclot (55, 54). Seules des attestations plus anciennes… …   Noms de famille

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