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Collateralised loan obligation (Clo)
       
 
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Collateralised loan obligation (Clo)

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Collateralised loan obligation (Clo)
A structured Bond backed by the loan repayments from a Portfolio of pooled personal or commercial loans, excluding mortgages. The structure allows a bank to remove loans from its Balance Sheet and so reduce its required capital reserves, while retaining contact with the borrowers and fees from servicing the loans.

See also Collateralised mortgage obligation
Posted by  Privatebanking.com
 
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