The Bond Market Association announced today at the IMN/Fabozzi "Investor & Issuer Summit on Global ABS 2003" that its CDO committee has released its draft for the standardization of CDO trustee report. The survey, in the process of being sent out, asks investors how they prefer to see information presented in the usually scattered trustee reports issued monthly. There is no information available of yet, as to the deadline for the comment period. 

Additionally, TBMA said it would post CDO statistical data on its website, available for download. Chris Ricciardi, co-chairman of TBMA committee on CDOs, said "To the extent that the CDO market is more standardized, it will be more liquid." He did acknowledge, however, the main hurdle for standardization lies in the dealer community. TBMA also hopes to post on its site, periodical reporting of analytical and statistical data for outstanding CDOs.

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