It stands for conditional prepayment yield; a measure of prepayment speed in asset backed securities (ABS) and other specific structures/...

A measure of prepayment speed in asset backed securities (ABS) and other specific structures/ instruments (CMBS). This measure relates to...

It stands for conditional prepayment rate or constant prepayment rate; the annualized percentage of an existing mortgage pool that is...

The annualized percentage of an existing mortgage pool that is expected to be prepaid in a year. It is an...