super-senior

A so-called "super-senior" structure diminishes so much of the credit risk for investors that "they no longer exert much needed discipline on the underwriting process," he said in a report on Monday.

Investor Protections Beefed Up in Latest CMBS Offer Al Yoon 2011

ACA bought millions of dollars in Abacus notes and insured the super-senior parts of the underlying portfolio for $909 million, it said in its lawsuit.

ACA Sues Goldman Over Abacus Liz Moyer 2011

At roughly €17,000 about $24,100 a year, super-senior insurance has rarely been cheaper in the past four years, according to Markit data.

Hunting For Sovereign Crisis Hedges Richard Barley 2011

However, the bank suffered nearly $900 million in losses on a "super-senior tranche" of debt it held in the deal.

Judge Approves Settlement Between J.P. Morgan Unit, SEC Chad Bray 2011

Investors can do this by buying a super-senior tranche of insurance on the iTraxx Europe index that only pays out if losses on the underlying 125-member portfolio top 22%, Citigroup suggests.

Hunting For Sovereign Crisis Hedges Richard Barley 2011

Whether the owner of a super-senior tranche has the right to inspect the underlying mortgages depends on a variety of factors, including whether there has been an initial "event of default," whether the CDO collateral is dynamic rather than static, etc.

Discourse.net: DeLong: Geithner's Way or Mad Max 2009

My understanding is that most of the "toxic waste" securities that the banks retained were the socalled "super-senior tranches".

Discourse.net: DeLong: Geithner's Way or Mad Max 2009

Investors can do this by buying a super-senior tranche of insurance on the iTraxx Europe index that only pays out if losses on the underlying 125-member portfolio top 22%, Citigroup suggests.

Hunting For Sovereign Crisis Hedges Richard Barley 2011

Remember, the owner of a super-senior tranche has only purchased a bond issued by an SPV, which may or may not own the collateral underlying its bonds.

Discourse.net: DeLong: Geithner's Way or Mad Max 2009

At roughly €17,000 about $24,100 a year, super-senior insurance has rarely been cheaper in the past four years, according to Markit data.

Hunting For Sovereign Crisis Hedges Richard Barley 2011