CPDOs for Beginners

Introduction CPDOs (constant proportion debt obligations) are in the news currently.  In spite of a judge describing a CPDO issued by ABN Amro as 'grotesquely complicated' the basic concept behind the instrument is pretty straightforward.  This article describes the strategy behind a CPDO at a high level. Overview of a CPDO A CPDO is a financial … Continue reading CPDOs for Beginners