Imagine the conversation that came before this response? Response: Traditional CDOs take three to six months to arrange and typically cost $2 to $4 million in legal, rating and marketing costs, whereas single tranches on bespoke portfolios can be arranged in four to six weeks and upfront costs are typically less than $500,000.
Convo: -- What are the features of Bespoke portfolio (CDO)?; -- Also, arrangers like CDOs on bespoke portfolios because they are relatively easy to set up.; -- Are there any other interesting aspects about this article?; -- 