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Collateralized mortgage obligations (CLO) are securities backed by a pool of credit card debt, generally loans to organizations with minimal credit rating ratings or non-public fairness firms.

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On 8th November 2016, the GOI announce that every one the 500 and a thousand banknotes will be demonetised. It in essence took away the legal status of these financial institution notes. They turned very little but a bit of paper, the folks have been questioned to exchange All those While using the new authorized tender issued by GOI.

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