Real Estate Blog

In an interview with Citigroup Inc. Chairman Robert Rubin, liquidity puts are defined as the right of Collateralized Debt Obligation (CDO) holders to sell back the CDO to its issuer at the original price. The liquidity put is responsible for the $25 billion worth of CDOs on Citi’s balance sheet.

The rest is here:
Why $25 billion worth of CDO liquidity puts could sink Citi

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This entry was posted on Monday, November 12th, 2007 at 5:26 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.