The difference between the exhaustion percentage (detachment point) and the attachment percentage (attachment point). It represents the percentage of capital...
A structural feature involves imposition of a priori requirements structured liability amortization through a timetable of time steps and corresponding…
A basic concept in finance maintaining that a currency unit today is not worth the same currency unit tomorrow or…
A series of bonds that are issued by the same borrower and mature on the same date. All the bonds…
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be…
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be…
The coupon (interest) that a tranche carries as compensation for its holder (investor) commensurate to the risk profile of the...
A fraction of the total collateral pool (pool of underlying collateral in a securitized structure). It represents the amount of...
A tranche (specifically, a Z-tranche) that may receive principal repayments before other tranches with specific precedence order, and even if...
A tranche whose payment schedule is geared towards a specified prepayment speed (or the so-called a pricing speed). A targeted...