Glastonbury Finance 2007 1 Plc
Glastonbury Finance 2007-1 PLC: A Look Back
Glastonbury Finance 2007-1 PLC was a securitization vehicle, specifically a collateralized debt obligation (CDO), created in the lead-up to the 2008 financial crisis. Its purpose was to pool together a portfolio of asset-backed securities (ABS), predominantly residential mortgage-backed securities (RMBS), and repackage them into tranches with varying levels of risk and return. These tranches were then sold to investors.