Merrill Lynch has started distributing deal information on collateralised debt obligations (CDO) to qualified institutional buyers and third-party service providers.
Chris Ricciardi, managing director and head of CDO origination and structuring, Merrill Lynch, says: "We think this is an important step in the development of a more transparent and liquid CDO market.
"Transparency and liquidity are important to investors in the product because it helps them get comfortable with their initial participation."