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Credit linked security |
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Credit linked securityA note whose cash flow depends upon a credit event or credit measure of a referenced entity or asset such as default, credit spread, or rating change. The manager would purchase such a note to hedge against possible down grades, or loan defaults that would guarantee payment into the portfolio of the manager even if moneys on referenced assets are reduced.Credit linked security Similar MatchesSecuritySecurityA piece of property designated as collateral. Derivative securityDerivative securityA financial security such as an option or future whose value is derived in part from the value and characteristics of another security, the underlying asset. Employee Retirement Income Security ActEmployee Retirement Income Security ActIn the US, a federal law introduced for the protection of participants in private pension plans. Security selectionSecurity selectionSee: Security selection decision Additional security feeAdditional security feeAn up-front, one-off fee paid to the lender to protect against the borrower defaulting on the loan. This is usually charged on mortgages of more than 75% of the property value. Also known as Indemnity Guarantee Premium and Mortgage Indemnity Premium. Further SuggestionsSecurity deposit (initial)Security selection decision Host security Graduated security Cabinet security Beta equation (security) Hybrid security Convertible security Security market line social security tax Security certificate Unlisted security Tax exempt security Nonmarketable security social security disability income insurance Money market security high grade security Food security mortgage backed security debt security security Senior security Asset backed security Security Market Line Supplemental Security Income |
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