A new standardized CDO trustee report could make life a bit easier for investors before the end of the first quarter. The trick is getting market participants to use it.
The Bond Market Association just released its final draft of a standardized template for monthly CDO trustee reports. A comment period on the template will last until Feb. 9. In short, the new format improves the readability of these often-haphazard reports, which can differ greatly from trustee to trustee and deal to deal.