Paradise Island, Bahamas - Throughout several sessions devoted to collateralized debt obligations at the Information Management Network's ABS East conference in the Bahamas last week, the availability of collateral for CDOs of ABS and its impact on the market for subordinate bonds emerged as a major theme and/or concern.

Currently, there are at least five ABS CDOs in a ramp-up period, according to Steven Thompson, a managing director in the structured finance group at Prudential Investments.

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