For more adventurous clients, Corso suggests high-quality tranches of collateralized debt obligations, or CLOs.
It is a two-part deal consisting of four- and 10-year tranches of bullet notes.
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Some of the cuts, or tranches, are high-priced tenderloin, others are just flank steak.
The terms of the renewal contracts have been staggered, and arranged in three-year tranches.
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Many of the newer bonds, called Enhanced Equipment Trust Certificates, were sold in three tranches.
Banks once kept such tranches on their books as a cost of doing business.
To appeal to investors' varying risk appetites, the banks sliced CMOs into classes, known as tranches.
Subordinate tranches typically have higher yields than senior tranches, due to the higher risk incurred.
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Reoffer yields for the fixed-rate tranches are implied in the 1.27% and 2.6% areas, respectively.
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Buy them, securitize them, sell off the securitized tranches and forget them was the strategy.
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It is more likely to be hidden in the deteriorating quality of the higher tranches.
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Some of the bottom tranches that American Express holds are toxic waste from its own deals.
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In practice, all tranches were guaranteed by Allianz Risk Transfer, part of Allianz, a German insurer.
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The market value of some tranches has slumped to less than ten cents on the dollar.
Yet after skipping the first two tranches, Clearwire has now taken the money in March and April.
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The three junior tranches would all have to be erased before the senior tranche's insurer loses money.
CDOs, or sold guarantees to enhance the rating of the senior tranches, have had a rude shock.
And many were hedged in ways that went wrong when different tranches failed to move as predicted.
After investing the first two tranches of venture funding, Greg began to dig deeper and ask himself why.
Bear Stearns' hedge funds held those high-rated tranches, which are supposed to be "safer" than the lower-rated paper.
Here, in essence, pools of credits are sliced into riskier and less risky bits (or tranches) and sold.
So Feltus bought one of the most senior of the CMO's 24 tranches.
If he fails, Greece will not qualify for further tranches of rescue money.
The release of funds in tranches after periodic reviews is a standard feature.
Both dollar and euro tranches will be structured as seven-year bullet notes under Rule 144A and Reg S, for life.
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One instance of where these tranches would be helpful in constructing a portfolio would be in a conservatively managed fund.
Many CDOs are backed by subprime loans and other toxic waste and are divided for investors into senior and junior tranches.
Influential Morgan Stanley economist Byron Weiss predicts 100 basis points increase this year -- possibly in four different tranches starting Feb.
Details are still being finalised, but donations are likely to be made in tranches of 500 points with no upper limit.
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It will keep making payments on the planes it keeps flying, meaning those tranches could get their money back despite the bankruptcy.
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