Cash Flow
Bob and iON talk about Blythe Masters who developed, while at JP Morgan, many of the credit derivatives that were intended to remove risk from companies’ balance sheets.
The idea was to separate the default risk on loans from the loans themselves. The risk would be moved into an off-balance sheet vehicle. The product was called Bistro—broad index secured trust offering.
Bob and iON talk about Blythe Masters who developed, while at JP Morgan, many of the credit derivatives that were intended to remove risk from companies’ balance sheets.
The idea was to separate the default risk on loans from the loans themselves. The risk would be moved into an off-balance sheet vehicle. The product was called Bistro—broad index secured trust offering.
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