Wachovia Securities' Structured Products research team just issued its inaugural CDO Performance Report, a new information tool that incorporates regular updates.
Wachovia has led, co-led, or co-managed 60 CDOs since August 1998. It is now making details about these sensitive vehicles publicly available. Best described as a comprehensive deal performance report, Wachovia profiled 22 of those CDOs in its first CDO Performance Report, with plans to roll out the remaining transactions' performance by year's end. In a two-prong effort, a hard copy will be released quarterly but plans are to update performance information on a near real-time basis through Wachovia's Web site.