CDO-Squared
From Infogalactic: the planetary knowledge core
CDO-Squared is a term used to describe collateralized debt obligations backed primarily by the tranches issued by other CDOs.[1]
Overview
These instruments became popular before the financial crisis of 2007–08. There were 36 CDO-Squared deals made in 2005, 48 in 2006 and 41 in 2007. Merrill Lynch was a big producer, creating and selling 11 of them.[2]
References
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