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Death backed bonds |
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Death backed bondsBonds 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 Similar MatchesStripped 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. Asset backed securityAsset backed securityA security that is collateralized by loans, leases, receivables, or installment contracts on personal property, not real estate. 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. Commercial Mortgage Backed SecuritiesCommercial Mortgage Backed SecuritiesSimilar 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. Backed inBacked inIn 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 SuggestionsCommodity backed bondLehman Brothers Mortgage Backed Securities Index mortgage backed security |
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