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that allows collateral posted by, say, a hedge fund to its prime broker to be used again as collateral by that prime broker … rehypothecation (and the associated re-use of collateral) in the recent crisis indicates that the collapse in non-bank funding to … provide estimates from the hedge fund industry for the - churning - factor or re-use of collateral. From a policy angle …
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This paper provides new insights into the use of loan securitization. We analyze collateralized loan obligation (CLO) transactions by European banks from 1997 to 2004 and try to identify the influence that various firm-specific and macroeconomic factors may have on an institution's...
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