Death backed bonds

 

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Death backed bonds

Bonds backed by loans of a policyholder against a life insurance policy. The policyholder will repay the loans while alive or with the benefits from the insurance policy upon death.



Death backed bonds

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Mortgage Backed Securities Clearing Corporation (MBSCC)

Mortgage Backed Securities Clearing Corporation (MBSCC)

"Founded" in 1979, MBSCC is the sole provider of automated post-trade comparison, netting, risk management and pool notification services to the mortgage-backed securities market. The organization is a registered clearing agency with the Securities and Exchange Commission and majority-owned by its members -- MBS dealers, inter-dealer brokers and other non-broker/dealers. MBSCC provides its specialized services to major market participants active in various Government National Mortgage Association (GNMA), Fannie Mae(FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) MBS programs.


Stripped mortgage backed securities (SMBS)

Stripped mortgage backed securities (SMBS)

Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors.


Commercial Mortgage Backed Securities

Commercial Mortgage Backed Securities

Similar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments.


Lehman Brothers Mortgage Backed Securities Index

Lehman Brothers Mortgage Backed Securities Index

A benchmark index that includes 15- and 30-year fixed-rate securities backed by mortgage pools of the Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), and Federal National Mortgage Association (FNMA).


Backed in

Backed in

In the context of general equities, to describe result of unanticipated events that allow for a purchase at a discount or a sale at a premium.


Further Suggestions

Commodity backed bond
Asset backed security
mortgage backed security


 
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