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1 prepayment risk
prepayment risk BANK, FIN, MGT Risiko n vorzeitiger Rückzahlung, Ertragsausfallrisiko n aufgrund vorzeitiger Rückzahlung (Wiederanlagerisiko = reinvestment risk des Gläubigers; bonds, loans)Englisch-Deutsch Fachwörterbuch der Wirtschaft > prepayment risk
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2 asset-backed securities
asset-backed securities (ABS) ACC, BANK, FIN Asset-Backed Securities pl, ABS, ABS-Papiere npl, verbriefte Forderungen fpl, verbriefte Kreditforderungen fpl, aktivabesicherte Forderungen fpl, vermögensbesicherte Forderungen fpl, besicherte Wertpapiere npl, forderungsbesicherte Wertpapiere npl, verbriefte Zahlungsansprüche mpl (durch künftige Zahlungsströme gedeckte Wertpapiere, z. B. aus Hypothekar-, Kfz- oder Konsumkrediten, Leasing- oder Kreditkartenforderungen; securitization with income-producing assets); forderungsbesicherte Anleihen fpl, vermögensgesicherte Anleihen fpl (pay-through bonds; mit Pay-through-Struktur nach dem Anleihekonzept, with reduced prepayment risk; Gegensatz: Fondszertifikatskonzept mit Pass-through-Struktur, volles Risiko vorzeitiger Rückzahlung = prepayment risk liegt bei den Investoren)Englisch-Deutsch Fachwörterbuch der Wirtschaft > asset-backed securities
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3 pass-through securities
pass-through securities FIN Wertpapiere npl mit laufender Zinszahlung, ABS pl nach dem Fondszertifikatskonzept, ABS pl mit laufender Zinszahlung (interest payment passed on to investors who bear the prepayment risk)Englisch-Deutsch Fachwörterbuch der Wirtschaft > pass-through securities
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4 pay-through securities
pay-through securities ACC, FIN ABS pl nach dem Anleihekonzept (payout management of financial intermediaries reducing the prepayment risk, cf ABS)Englisch-Deutsch Fachwörterbuch der Wirtschaft > pay-through securities
См. также в других словарях:
Prepayment Risk — The risk associated with the early unscheduled return of principal on a fixed income security. Some fixed income securities, such as mortgage backed securities, have embedded call options which may be exercised by the issuer, or in the case of a… … Investment dictionary
prepayment risk — The risk associated with early payments of obligations. A prime example is the risk that a borrower will repay a fixed rate mortgage early at a time when interest rates are falling, leaving the lender with a lower interest income than anticipated … Big dictionary of business and management
prepayment risk — The risk that prepayments will speed or slow and therefore change the yield and/or life of the security. American Banker Glossary … Financial and business terms
Prepayment Risk — (риск досрочного погашения) риск того, что доходность инвестиций может снизиться вследствие того, что часть или вся инвестированная сумма будет выплачена до установленного срока или быстрее, чем ожидалось. В более широком смысле риск досрочного… … Ипотека. Словарь терминов
Prepayment — is early repayment of a loan by a borrower. In the case of a mortgage backed security (MBS), prepayment is perceived as a risk, because mortgage debts are often paid off early in order to incur lower total interest payments through cheaper… … Wikipedia
Prepayment Penalty — A clause in a mortgage contract that says if the mortgage is prepaid within a certain time period, a penalty will be assessed. The penalty is usually based on percentage of the remaining mortgage balance or a certain number of months worth of… … Investment dictionary
Prepayment — 1. The payment of a debt obligation prior to its due date. 2. The excess payment over a scheduled debt repayment amount. 1. Examples include deferred expenses such as rent and early loan repayments. 2. Mortgage pass through securities are prone… … Investment dictionary
Prepayment Privilege — The right given to a debt holder to pay all or part of a debt prior to its maturity or ahead of schedule, usually without risk of penalty. Prepayment privileges are often elements of such debts as mortgages or automobile loans. They are in… … Investment dictionary
Extension Risk — The risk of a security s expected maturity lengthening in duration due to the deceleration of prepayments. Extension risk is mainly the result of rising interest rates, and is generally associated with mortgage related securities. The opposite of … Investment dictionary
Contraction Risk — The risk faced by the holder of a fixed income security when borrowers increase the rate at which they pay back the maturity value of the fixed income security. Contraction risk is a component of prepayment risk that increases as interest rates… … Investment dictionary
Public Securities Association Standard Prepayment Model - PSA — An assumed monthly rate of prepayment that is annualized to the outstanding principal balance of a mortgage loan. The PSA model is one of several models used to calculate and manage prepayment risk. The PSA model acknowledges that prepayment… … Investment dictionary