It stands for super senior tranche; a senior CDO tranche that ranks at the very top of a CDO (collateralized...

A synthetic CDO tranche in which the CDO investor doesn't pay the notional amount of the tranche at inception, that...

A senior CDO tranche that ranks at the very top of a CDO (collateralized debt obligation) issue. Given its utmost,...

A super-senior tranche in which only a part of the tranche notional is paid by the holder. In other words,...

It stands for leveraged super senior tranche; a super-senior tranche in which only a part of the tranche notional is...