ZA

 

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ZA

The two-character ISO 3166 country code for SOUTH AFRICA.



ZA

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Amortization factor

Amortization factor

The pool factor implied by the scheduled amortization assuming no prepayments.


International Organization of Securities Commissioners

International Organization of Securities Commissioners

In the US, this organisation encourages co-operative policies on market regulation, surveillance, and enforcement at the domestic and international levels in order to maintain just and efficient securities markets.


Amortization

Amortization

Payment of a debt in equal installments of principal and interest, rather than interest only payments.


Negative amortization

Negative amortization

A loan repayment schedule in which the outstanding principal balance of the loan increases, rather than amortizing, because the scheduled monthly payments do not cover the full amount required to amortize the loan. The unpaid interest is added to the outstanding principal, to be repaid later.


Optimization approach to indexing

Optimization approach to indexing

An approach to indexing that seeks to optimize some objective, such as to maximize the portfolio yield, to maximize convexity, or to maximize expected total returns.


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