Method And Apparatus For Evaluating And Monitoring Collateralized Debt Obligations

Abstract

Systems, methods, apparatus, computer program code and means for evaluating and monitoring collateralized debt obligations (CDOs) are provided which include identifying a first investment including interests in a first plurality of assets, identifying a second investment including interests in a second plurality of assets, identifying a common feature associated with both the first and second plurality of assets, and identifying a relative exposure to risk associated with the common feature.

1 . A method for managing investments, comprising:
 identifying a first investment including interests in a first plurality of assets;   identifying a second investment including interests in a second plurality of assets;   identifying a common feature associated with both said first and second plurality of assets; and   identifying a relative exposure to risk associated with said common feature.   
     
     
         2 . The method of  claim 1 , wherein said common feature is at least one of a common asset, a common industry, and a common issuer of assets. 
     
     
         3 . The method of  claim 1 , wherein said common feature is a common issuer of assets, the method further comprising:
 modeling a default associated with said common issuer; and   calculating an impact on said first and said second investments based on said default.   
     
     
         4 . The method of  claim 1 , wherein said first and second investments are collateralized debt obligation (CDO) investments. 
     
     
         5 . The method of  claim 1 , wherein said common asset is at least one of a debt security and a corporate loan. 
     
     
         6 . The method of  claim 1 , wherein each of said first and second plurality of assets are identified by at least one of a CUSIP number and an asset descriptor. 
     
     
         7 . The method of  claim 6 , wherein each asset descriptor is normalized to substantially provide standardized asset descriptions for each of said first and second plurality of assets. 
     
     
         8 . A method, comprising:
 receiving information identifying an investor and a first and a second CDO investment held by the investor;   identifying a first plurality of assets associated with said first CDO investment;   identifying a second plurality of assets associated with said second CDO investment;   identifying each of said first and second plurality of assets using a standardized asset description; and   identifying a common asset associated with said first and second CDO investments.   
     
     
         9 . The method of  claim 8 , further comprising:
 modeling a default associated with said common asset; and   calculating an impact on said first and said second CDO investments based on said default   
     
     
         10 . A method, comprising:
 receiving information identifying an investor and a CDO investment held by the investor;   identifying a first plurality of assets associated with said CDO investment;   receiving information identifying a desired CDO investment, including a second plurality of assets associated with said desired CDO investment; and   identifying a common asset associated with said desired CDO investment and said CDO investment.   
     
     
         11 . The method of  claim 10 , further comprising:
 assessing an overall exposure associated with said desired CDO investment and said CDO investment attributed to said common asset.   
     
     
         12 . The method of  claim 10 , further comprising:
 modeling a default associated with said common asset; and calculating an impact on said CDO investment and said desired CDO investment based on said default.   
     
     
         13 - 22 . (canceled)