How does synthetic CDO work?

Related questions

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2. What does a CDO analyst do?
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4. What is the difference between CDO and MBS?
5. Is OCD a serious mental disorder?
6. What is the role of a chief digital officer?
7. How much does a chief digital officer make?
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Tags

1. #noncash
2. #collateralized
3. #income
4. #credit
5. #exposure
6. #obtain
7. #obligation
8. #portfolio
9. #level
10. #tranches
11. #default
12. #assumed
13. #assets
14. #based
15. #fixed
16. #synthetic
17. #typically
18. #divided
19. #other
20. #invests
21. #swaps