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Stripped mortgage backed securities (SMBS) |
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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.Stripped mortgage backed securities (SMBS) Similar MatchesLehman Brothers Mortgage Backed Securities IndexLehman Brothers Mortgage Backed Securities IndexA 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). 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. Restricted SecuritiesRestricted SecuritiesThe term used under Rule 144 for securities issued privately by the company, without the benefit of a registration statement. Restricted securities are subject to a holding period before they can be sold under Rule 144. Securities Exchange of Thailand (SET)Securities Exchange of Thailand (SET)The only stock market in Thailand, based in Bangkok. Agency securitiesAgency securitiesIn the US, these are securities issued by federal government agencies. Further SuggestionsSecuritiesDistressed securities Securities Industry Association (SIA) unlisted securities market Japanese Association of Securities Dealers Automated Quotation System (Jasdaq) Discount securities Securities & Exchange Commission (SEC) margin securities PIK (Payment in kind) securities Book entry securities National Securities Clearing Corporation Certificate of Accrual on Treasury Securities (CATS) registered securities Original Issue Discount securities (OIDS) Committee on Uniform Securities Identification Procedures (CUSIP) Government securities Inflation indexed securities Securities markets Securities Industry Committee on Arbitration (SICA) International Organization of Securities Commissioners irredeemable securities Securities Acts Amendments of 1975 Agency securities Securities Masterfile Securities Industry Association |
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