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Strukturen und Testverfahren zur Strukturüberwachung von CDO-Transaktionen

Strukturen und Testverfahren zur Strukturüberwachung von CDO-Transaktionen

          
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About the Book

Inhaltsangabe: Problemstellung: Ziel der hier vorliegenden Arbeit ist es, den Aufbau und die Grundstruktur von CDOs und deren Anwendungsmöglichkeiten zu beschreiben. Außerdem sollen Nutzen und Zweck für Emittenten, Investoren und Beteiligte dargestellt werden. Zusätzlich wird auf die verschiedenen Strukturen und möglichen Gestaltungsformen dieser speziellen Transaktionen eingegangen und es werden die Aufgaben und Pflichten der an den Transaktionen beteiligten Parteien erläutert. Der Schwerpunkt der Arbeit liegt in der Beschreibung von Testverfahren, die im Laufe der jeweiligen CDO Transaktionen durchgeführt werden. Hierbei handelt es sich vor allem um Verfahren zur Überwachung der Struktur der jeweiligen Transaktionen, mit dem Hauptziel, die CDO Anleiheninvestoren vor möglichen Verlusten zu schützen. Um die gängigen Testverfahren zu beschreiben, wurden hauptsächlich Informationen verarbeitet, die über die Internetseiten der verschiedenen Ratingagenturen bezogen werden können. Das sind z. B. Verkaufsdokumentationen von beispielhaft ausgewählten CDO Transaktionen, oder auch Fachliteratur. Im Rahmen dieser Arbeit ist zu berücksichtigen, dass viele Details nicht öffentlich zugänglich sind. In diesem Zusammenhang sind auch Unterschiede im Aufbau der jeweiligen Transaktionen und den beteiligten Parteien relevant. Die dargestellten Vorgehensweisen stellen jedoch die in der Praxis angewandten Verfahren hinreichend gut dar. In der hier beschriebenen Art und Weise lassen sich diese bei den meisten CDO Transaktionen auffinden. Ein wichtiger Punkt bei CDO Transaktionen ist der, dass die Ergebnisse der Testverfahren große Auswirkung auf deren weiteren Verlauf haben. Diese werden hier erläutert und an einigen Beispielen verdeutlicht. Die CDO Verbriefungstechnik wird im Laufe dieser Arbeit als ein vielseitig einsetzbares Kapitalmarktinstrument vorgestellt. Im Folgenden wird der Begriff CDO sowohl synonym für spezifische Formen, wie Collateralized Bond Obligation (CBO) oder


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Product Details
  • ISBN-13: 9783838694610
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 6 mm
  • Width: 148 mm
  • ISBN-10: 3838694619
  • Publisher Date: 21 Mar 2006
  • Height: 210 mm
  • No of Pages: 92
  • Series Title: German
  • Weight: 131 gr


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