Leveraged Super Senior

V786 · June 16th, 2005, 9:45 am

Anyone come across leveraged super senior tranches, the spread is good but is it worth it ?

Pat · June 16th, 2005, 8:15 pm

Do CDO^2's qualify?

V786 · June 17th, 2005, 7:25 am

not really, different structure, the leverage is located outside the structure, as opposed to being an integral feature of it.

secondMan · June 17th, 2005, 12:24 pm

QuoteOriginally posted by: V786not really, different structure, the leverage is located outside the structure, as opposed to being an integral feature of it.i for myself decided to get my hands off it. deleverd risk uplevered seems to be strange sales rabbit ...

V786 · June 17th, 2005, 12:28 pm

secondMan, can you elaborate on delevered risk uplevered.. is it the unwind on the trigger event that is the issue ?