What is a CDO ?
• A Collateralized Debt Obligation is a structured debt security backed by a portfolio consisting of the following: • Secured or unsecured senior or junior bonds issued by a variety of corporate or sovereign obligors. • Secured or unsecured loans made to a variety of corporate commercial and industrial loan customers of one or more lending banks.
CDO is an acronym that stands for central dense overcast. This is the cirrus cloud shield that results from the thunderstorms in the eyewall of a tropical cyclone and its rain bands. Before the tropical cyclone reaches hurricane strength (33 m/s, 64 kts, 74mph), typically the CDO is uniformly showing the cold cloud tops of the cirrus with no eye apparent. Once the storm reaches the hurricane strength threshold, usually an eye can be seen in either the infrared or visible channels of the satellites. Tropical cyclones that have nearly circular CDO’s are indicative of favorable, low vertical shear environments.
“CDO” is an acronym that stands for “central dense overcast”. This is the cirrus cloud shield that results from the thunderstorms in the eyewall of a tropical cyclone and its rainbands. Before the tropical cyclone reaches very severe cyclonic storm (64 knots,), typically the CDO is uniformly showing the cold cloud tops of the cirrus with no eye apparent. Once the storm reaches the hurricane strength threshold, usually an eye can be seen in either the infrared or visible channels of the satellites. Tropical cyclones that have nearly circular CDO’s are indicative of favourable, low vertical shear environments.
