NAF employment is considered federal employment. It is, however, different from federal civil service employment because the monies used to pay the salaries of NAF employees come from a different source. Civil service positions are paid for by money appropriated by Congress.
The genesis of the CBO (collateralized bond obligation) and CLO (collateralized. loan obligation) market occurred in the late 1980s with the repackaging of high-yield, speculative-grade bonds or loans into highly rated paper.
CBO is an equal opportunity employer committed to diversity. CBO encourages women, minorities, people with disabilities, and veterans to apply. Appointment to covered positions is governed by the Veterans Employment Opportunities Act of 1998 (VEOA) as made applicable by the Congressional Budget Accountability Act of 1995, as amended.