A type of toggle tranche that maintains its priority only for a temporary interval defined by the span of time...

A type of toggle tranche that maintains its changed repayment priority until full retirement. Being a toggle tranche, it may...

A fraction of the total collateral pool (pool of underlying collateral in a securitized structure). It represents the amount of...

The tranche of a CDO (collateralized debt obligation) that has its own risk characteristics and loss-absorption priority (seniority). There are...

A tranche that is the first, in a securitized structure, to absorb the losses and is exposed to the highest...

The correlation that results in the price of a 0% to X% collateralized debt obligation tranche (CBO tranche) being consistent...

A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be…

A tranche, in a securitized structure, that receives only the interest payments on the underlying collateral (e.g., MBS, MBO, etc.)...

It stands for interest only tranche; a tranche, in a securitized structure, that receives only the interest payments on the...

A cash CDO in which the underlying collateral pool generates sufficient cash flows to pay the stated coupon and principal…