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- Title
The Taxation of CLO Risk Retention Structures.
- Authors
Schwartz, Jason; Bertrand, Jean; Park, Sejin
- Abstract
The article reports on capitalized management vehicle (CMV) that U.S. collateral managers of collateralized loan obligation (CLO) issuers use to comply with rules that require sponsors of securitization vehicles to maintain a financial interest. The U.S. Court of Appeals for the D.C. Circuit held that U.S. collateral managers are not required to retain a financial interest in the CLOs under the U.S. risk retention rules.
- Subjects
UNITED States; COLLATERALIZED loan obligations; RISK retention; TAXATION; BANKING industry; COLLATERAL security
- Publication
Journal of Taxation of Financial Products, 2018, Vol 15, Issue 3, p25
- ISSN
1529-9287
- Publication type
Article