The following is a list of Acronyms & Terms that will be helpful to anyone reading this presentation:
Collateralized Put Option- a fully-collateralized 144A security which provides protection against default of a referenced Bond.
Collateralized Reference Note- a 144A security which provides collateral for amount being covered in the CPO in return for a premium paid by the CPO
Credit Default Swap- a derivative which provides protection against default of a referenced Bond or entity.
Committee on Uniform Security Identification Procedures- a nine-digit numeric or nine-character alphanumeric code that identifies a North American financial security
International Swaps and Derivatives Association- Determine whether a reference entity has defaulted on their debt obligations and sets an auction which in turn dictates any recovery values
The amount of value in a Bond when the issuer of that Bond defaults
Security Securities which are privately placed to qualified institutional investors
Securities & Exchange Commission