Glossary

A B C D E F G I
Cd Co

CDO Tranche

Collateralized Debt Obligation Tranche. CDOs are asset-backed securities holding a pool of collateralized debt (such as mortgages and auto loans) that may be subdivided into various tranches representing different levels of risk. The investment depends on the assumptions and methods used to define the risk and return of the tranches. CDOs, like all asset-backed securities, […]

Contra CUSIP

“The CUSIP used to indicate your tendered position (representing instructions submitted by Participants to surrender securities). For example, a contra-CUSIP is set up to complete a reorganization function. – Contra: Items recorded in the contra account are specifically designed to offset other transactions, and are recorded as the opposite type of entry. If a debit […]