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Residential Mortgage-Backed Security

A debt security that pays out based on payments from a pool of individual residential mortgages. It is asset-backed security...

RMBS

It stands for residential mortgage-backed security; a debt security that pays out based on payments from a pool of individual...

Asset-Backed Security

A financial security (and a type of derivative) that is collateralized by a pool of underlying assets. Those assets could…

ZSPRD

It stands for zero-volatility spread; the spread that would be realized over the whole risk-free spot rate curve if a…

Zero Spread

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…

Static Spread

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…

Cash Bond Spread

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…

Covered Bond

A type of debt-based derivative instrument that provides a much safer investment than asset-backed or mortgaged-backed securities. This bond is…

Asset-Backed CDS

A credit default swap (CDS) on a mortgage-backed security or an asset-backed security. That means the reference obligation in such...

Asset-Backed Credit Default Swap

A credit default swap on a mortgage-backed security or an asset-backed security. That means the reference obligation in such a...