Who Uses a Collateralized Borrowing and Lending Obligation (CBLO)?
A collateralized borrowing and lending obligation, or CBLO, is a type of money market instrument in which participants borrow and lend funds while posting collateral with a clearinghouse. The collateral is typically in the form of government securities, and the clearinghouse acts as a middleman to match borrowers and lenders. CBLO transactions are typically conducted … Read more