A market vehicle for transferring risk away from these highly leveragedloan originators can be critical for economic stability, especially in a global environment.
Collateralized loan obligations are backed primarily by leveraged bank loans.
贷款抵押债券主要由银行杠杆贷款支持。
3
According to Merrill Lynch, the leveraged-loan market in Europe is already larger than the junk-bond market-which, admittedly, was not very deep in the first place.