<?xml version="1.0" encoding='utf-8'?>
<!DOCTYPE wml PUBLIC "-//WAPFORUM//DTD WML 1.1//EN" "http://www.wapforum.org/DTD/wml_1.1.xml">
<wml>
<card id="card1" title="Synthetic CDO - Page 1 - Wikipedia">
<p>
<a accesskey="3" href="page.php?w=synthetic_CDO&amp;p=2">3.Next</a>
</p>
<p>A <b>synthetic CDO</b> is a variation of a <a href="page.php?w=collateralized_debt_obligation">collateralized debt obligation</a> (CDO) that generally uses <a href="page.php?w=credit_default_swap">credit default swap</a>s (CDSs) and other derivatives to obtain its investment goals. As such, it is a complex <a href="page.php?w=derivative_%28finance%29">derivative</a> financial security sometimes described as a bet on the performance of other mortgage (or other) products, rather than a real mortgage security. The value and payment stream of a synthetic</p><p>
<a accesskey="3" href="page.php?w=synthetic_CDO&amp;p=2">3.Next</a>
</p>

<do type="prev" label="Search">
        <go href="search.wml"/>
</do>

</card>
</wml>
