Our CDO (Collateralized Debt Obligations) team maintains an intensive focus on the issues shaping the CDO marketplace. Made up of individuals who are highly regarded in the securitization industry, our team delivers a comprehensive array of services to the CDO marketplace, including:

Technology/Consulting Services and Products

• CDO Suite, our CDO management, compliance and reporting system
• Process/internal control reviews
• Reconciliation projects
• Capabilities assessments
• Infrastructure reviews
• Risk management reviews

Pre-Securitization Services

• Issuer planning (management reporting, policies and procedures manuals, internal controls, etc.)
• Investment manager performance/AIMR examinations
• Accounting advice
• Tax advice, planning and optimization strategies

Transaction Services

• Cash flow modeling and stress testing to tie-out investor and rating agency scenario results and offering document disclosure such as hypothetical decrement tables, weighted average lives, yields and discount margins
• Asset level due diligence
• Asset and portfolio criteria compliance testing
• Asset data stratification
• Agreed-upon procedures reports
• ("Accountants' Certificates")
• Accounting advice
• Closing date procedures

Post-Closing Services

• Effective date procedures
• Payment date statement verification
• Asset and portfolio compliance testing
• Annual tax reporting/passive foreign investment company (PFIC) statements and optimization planning
• Financial statement audits
• Internal controls testing

We have worked on some of the most complex and cutting edge CDO transactions seen to date. These deals have represented a number of different structures containing a wide variety of asset classes.