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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?


To: Kevin Podsiadlik who wrote (3405)10/5/2000 7:59:57 PM
From: AK2004  Respond to of 4155
 
Kevin

wow, that stands for asset backed security "-))

I thought it was just an ABS [U-B-S] like an ouch or something like that "-))

There are even different [U-B-S] out there with different names.

Since I do not have a clue on how it works would you, please, explain to me how [U-B-S] with tranche (class) type structures work? And what in the world is residual tranche? :-))

Regards
-Albert