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Component Interest Only

A type of CMBS (commercial mortgage-backed security) that is formed by combining a weighted average coupon interest only (WAC IO)…

    Notional Interest Only

    An interest-only bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...

      Notional IO

      An interest-only bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...