December 2005
CLOs: ABN Amro opens a new asset class
by Alex Chambers & Mark Brown
“We looked at the structured trade finance market and discussed different ways of financing these portfolios,” says Niall Cameron, head of global markets at ABN Amro.
“What we have done is to take an asset class that was relatively illiquid and use securitization techniques to create a highly liquid bond.”
It’s a pattern that, over the years, has enhanced the efficiency of financing various assets including residential mortgage loans but also credit cards, leases and auto loans. In the case of SovRisc, the underlying assets in the $25 billion programme...
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