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PL MBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...

SPV

An acronym for special purpose vehicle; an entity (legal entity) that is specially established to fulfill a certain narrow or...

SPE

It stands for special purpose entity; an entity (legal entity) that is specially established to fulfill a certain narrow or...

POMO

An acronym for permanent open market operation; an open market operation (OMO) that involves outright purchases or sales of securities...

IOU

A phonetic acronym of the expression "I owe you". Technically, it represents is a document (usually, an unofficial document) that...

MRO

An acronym for main refinancing operation; an open market operation (OMO) that entails providing one week liquidity to the banking...

OMO

An acronym for open market operation; a practice or operation that is carried out by a central bank whereby it...

TOMO

An acronym for temporary open market operation; an open market operation (OMO) that involves short-term repurchase and reverse repurchase agreements...

TRACES

An acronym for trust automatic common exchange security; a hybrid equity security (equity linked security, ELS), that constitutes a trust-originated...

Overnight RRP

It stands for overnight reverse repurchase rate (overnight RRP/ ONRRP); an overnight interest rate that is set by a central...