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- Synthetic_CDO abstract "A Synthetic CDO (collateralized debt obligation) is a variation of a CDO that generally uses credit default swaps and other derivatives to obtain its investment goals. As such, it is a complex derivative financial security sometimes described as a bet on the performance of other mortgage (or other) products, rather than a real mortgage security. The value and payment stream of a synthetic CDO is derived not from cash assets, like mortgages or credit card payments — as in the case of a regular or "cash" CDO — but from premiums paying for credit default swap "insurance" on the possibility that some defined set of "reference" securities — based on cash assets — will default. The insurance-buying "counterparties" may own the "reference" securities and be managing the risk of their default, or may be speculators who've calculated that the securities will default.Synthetics thrived for a brief time because they were cheaper and easier to create than traditional CDOs, whose raw material, mortgages, was beginning to dry up.In 2005 the synthetic CDO market in corporate bonds spread to the mortgage-backed securities market, where the counterparties providing the payment stream were primarily hedge funds or investment banks hedging, or often betting that certain debt the synthetic CDO referenced — usually "tranches" of subprime home mortgages — would default. Synthetic issuance jumped from $15 billion in 2005 to $61 billion in 2006, when synthetics became the dominant form of CDO's in the US, valued "notionally" at $5 trillion by the end of the year according to one estimate.Synthetic CDO's have been criticized as serving as a way of hiding short position of bets against the subprime mortgages from unsuspecting triple-A seeking investors, and contributing to the 2007-2009 financial crisis by amplifying the subprime mortgage housing bubble. By 2012 the total notional value of synthetics had been reduced to a couple of billion.".
- Synthetic_CDO wikiPageExternalLink A-tsunami-of-hope-or-terror-LHRJP?OpenDocument.
- Synthetic_CDO wikiPageID "18446793".
- Synthetic_CDO wikiPageRevisionID "604094642".
- Synthetic_CDO hasPhotoCollection Synthetic_CDO.
- Synthetic_CDO subject Category:Bonds_(finance).
- Synthetic_CDO subject Category:Derivatives_(finance).
- Synthetic_CDO subject Category:Fixed_income_securities.
- Synthetic_CDO subject Category:Funds.
- Synthetic_CDO subject Category:Mortgage-backed_security.
- Synthetic_CDO subject Category:Structured_finance.
- Synthetic_CDO type Abstraction100002137.
- Synthetic_CDO type Attribute100024264.
- Synthetic_CDO type Condition113920835.
- Synthetic_CDO type FixedIncomeSecurities.
- Synthetic_CDO type Fund113358549.
- Synthetic_CDO type Funds.
- Synthetic_CDO type Measure100033615.
- Synthetic_CDO type MediumOfExchange113372961.
- Synthetic_CDO type Money113384557.
- Synthetic_CDO type Safety114538472.
- Synthetic_CDO type Security114539268.
- Synthetic_CDO type Standard107260623.
- Synthetic_CDO type State100024720.
- Synthetic_CDO type SystemOfMeasurement113577171.
- Synthetic_CDO comment "A Synthetic CDO (collateralized debt obligation) is a variation of a CDO that generally uses credit default swaps and other derivatives to obtain its investment goals. As such, it is a complex derivative financial security sometimes described as a bet on the performance of other mortgage (or other) products, rather than a real mortgage security.".
- Synthetic_CDO label "Synthetic CDO".
- Synthetic_CDO sameAs m.04f3lc4.
- Synthetic_CDO sameAs Q7662723.
- Synthetic_CDO sameAs Q7662723.
- Synthetic_CDO sameAs Synthetic_CDO.
- Synthetic_CDO wasDerivedFrom Synthetic_CDO?oldid=604094642.
- Synthetic_CDO isPrimaryTopicOf Synthetic_CDO.