Risk Compliance Officer

Location: Bengaluru

Experience- 2 to 7 yrs

Location
- Bangalore

Shift Timing- US Shift

Keywords
- Investment compliance, Portfolio Monitoring, Indenture, CLO, Trustee, Waterfalls review, Post-trade compliance, Securitization

I often come across a few different CLO waterfall sequences and wanted to understand their impact better.

For interest, I usually see two variations:

1. Interest → Deferred Interest → IC/OC Tests

2. Interest → IC/OC Tests → Deferred Interest

For principal, there are typically three variations:

1. Interest → Deferred Interest → IC/OC Tests

2. Interest → IC/OC Tests → Deferred Interest

3. All IC/OC Tests → Interest → Deferred Interest

Even though the differences look small, the order can change how quickly tests trigger, how deferred interest builds or gets cured, and how cash gets redirected across tranches.

I’m interested in understanding how these waterfall patterns affect deal behavior and note holder outcomes.

If you’ve seen these structures in practice, I’d love to hear your thoughts on the differences they create.

hashtag#CLO

Interested Candidates please contact

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