View source for CDO-Squared

{{Short description|Financial product backed by tranches from other CDOs}}
'''CDO-Squared''' is a [[collateralized debt obligation]] backed primarily by the tranches issued by other CDOs.<ref>{{cite web|title=CDOs-Squared Demystified |url=https://www.markadelson.com/pubs/CDOs-Squared_Demystified.pdf |publisher=Nomura Fixed Income Research | date=2005 |accessdate=2018-10-04 }}</ref> These instruments became popular before the [[financial crisis of 2007–08]]. There were 36 CDO-Squared deals made in 2005, 48 in 2006 and 41 in 2007. [[Merrill Lynch]] was a big producer, creating and selling 11 of them.<ref>''The Financial Crisis Inquiry Report'', 2011, p.203</ref>

The collapse of the market for collateralized debt obligations and CDO-Squared contributed to the 2008 [[subprime mortgage crisis]].<ref name="Investopedia">{{cite web |title=Collateralized Debt Obligation Squared - CDO-Squared |url=https://www.investopedia.com/terms/c/cdo2.asp |website=Investopedia |accessdate=2018-10-04}}</ref> [[Goldman Sachs]]
appears to be the last bank to hold CDOs-Squared, holding $50 million (~${{Format price|{{Inflation|index=US-GDP|value=50000000|start_year=2018}}}} in {{Inflation/year|US-GDP}}) in June 2018.<ref>{{cite web |last1=Woodall |first1=Louie |title=Goldman Sachs is last major bank holding CDO squared | date=2018-10-03 |url=https://www.risk.net/risk-quantum/6002576/goldman-sachs-is-last-major-bank-holding-cdo-squared |website=Risk Quantum}}</ref>
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== 2004 ==
*Abacus 2004-2
*Abacus 2004-3
*ACA 2004-1
*Cascade Funding I
*Crystal Cove
*Davis Square Funding III
*Dunhill
*E-Trade III
*Glacier Funding I
*Glacier Funding II
*Independence V
*Jupiter High Grade
*Lakeside II
*Sierra Madre Funding
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== 2005 ==
*Abacus 2005-1
*Abacus 2005-2
*Abacus 2005-3
*Abacus 2005-5
*Adirondack 2005-1
*Altius I Funding
*Broderick 1
*Camber 3 Plc
*Class V Funding
*Coolidge Funding
*Davis Square Funding IV
*E-Trade IV
*Fort Sheridan
*Glacier Funding III 
*G Street Finance
*Huntington
*Independence VI
*Jupiter High Grade I
*Jupiter High Grade II
*Jupiter High Grade III
*Khaleej II
*Kleros Preferred Funding
*Lenox
*Lexington Capital Funding
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== 2006 ==
*Auriga
*Bernoulli High Grade I
*Broadwick Funding
*Broderick 2
*Class V Funding II
*Commodore V
*Davis Square Funding VI
*Fortius II Funding
*GSC 2006-2m
*Hout Bay 2006-1
*Hudson High Grade Funding 2006-1
*Hudson Mezzanine Funding 2006-1
*Independence VII
*Ipswich Street
*Jupiter High Grade IV
*Kleros Preferred Funding II
*Kleros Preferred Funding III
*Kleros Real Estate I
*Kleros Real Estate II
*Kleros Real Estate III
*Libertas Preferred Funding I
*Octans I
*Pampelonne I
*West Coast Funding I
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== 2007 ==
*Abacus 2007-AC1
*Glacier Funding V
*Newbury Street
*Norma I
*Point Pleasant 2007-1
*Timberwolf 1
*Vertical 2007-1
*Volans
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<ref>{{Cite web|url=http://fcic.law.stanford.edu/resource/staff-data-projects/cdo-Library|title=CDO Library : Financial Crisis Inquiry Commission}}</ref>
==References==
{{Reflist}}

== Sources ==
* {{cite journal | last1 = Adams | first1 = Andrew | last2 = Bhatt | first2 = Rajiv | last3 = Clunie | first3 = James | title = The Risks in CDO-Squared Structures | journal = Multinational Finance Journal | date = 1 June 2009 | volume = 13 | issue = 1/2 | pages = 55–74 | issn = 1096-1879 | doi = 10.17578/13-1/2-3 | pmid = | url = https://www.mfsociety.org/modules/modDashboard/uploadFiles/journals/MJ~768~p16uegcdip1bc011qebroctpem64.pdf }}

[[Category:Derivatives (finance)]]
[[Category:United States housing bubble]]
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