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Tuesday, February 16, 2010

Tata Crucible 2010 Campus Preps #22

Question 22

David X Li , born as Xiang Lin Li is a qualitative analyst and qualified actuary. In 2000 , he wrote a paper " On Default Correlation : A Copula Function Approach" , which explained a Gaussian copula applied to a financial instrument. It quickly became a tool for financial institutions to correlate associations between multiple securities and led to the rapid growth in a specific Financial Product. Which financial product?


Answer

CDO

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