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Related to Tibet: Dalai Lama

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Principal Only

Describing a derivative in which the underlying assets are the future principal payments on a pool of mortgages or other debt obligations. Principal-only derivatives are issued at a deep discount to their par value; that is, one buys such derivatives for an amount less than the principal payments to which the holder is entitled. The gain on a principal-only derivative comes from the amount by which principal payments exceed the amount that the holder pays for the security. For that reason, holders of these derivatives can benefit from prepayment risk because when property owners repay their mortgages more quickly, principal-only derivative holders receive their returns more quickly.

PO

References in periodicals archive ?
China exploited just such a situation, when the current Dalai Lama was only 15, to invade and occupy Tibet.
The Tibetans looked towards an acknowledgement of Tibet as an independent country, which they achieved.
Knaus demonstrates that low-level American covert operations in Tibet were motivated by a desire to contain Chinese communism rather than a push for Tibetan independence.
Free Tibet and Students for a Free Tibet both insist that they will be unrelenting in their efforts to convince the hotel group to pull out of Tibet.
The company has also said that it will provide assistance to travellers who need to obtain permits to visit Tibet.
He said, being the first Chinese emergency medical assistance specialist with a global servicing capability and in full compliance with international EMS protocols, CSOS attached great importance to the strategic partnership with Tibet Airlines and will help establish the medical evaluation system of special passengers as commonly used by international airline firms, by leveraging their air medical expertise and years of international medical emergency assistance experiences.
China was acutely aware that if Tibet remained outside China's control it would inevitably drift closer to India, with which it had geographical proximity, a deep religious and cultural affinity, and no history of hostility.
The objects displayed in the exhibition ranged from early Kashmiri bronze sculptures from Western Tibet to Pala-style statues made in mainland Tibet and China, images of King Songtsen Gampo, early Tibetan manuscripts and thangka paintings, and secular and religious objects.
The news agency, quoting the Tibet Autonomous Regional Tourism Bureau, said as many as 500 foreigners, in more than 200 groups, are to visit before April 20.
A minute's silence was observed in the memory of victims of last year's Chinese crackdown in Tibet, and shortly after his speech, thousands of Tibetans marched through the Dharamsala carrying "Free Tibet" posters and protesting against a new Chinese security clampdown.
The renowned fashion designer used an off-white shoulder bag printed with the Tibet flag and logo Keep Tibet Alive in time for models to showcase it at Paris Fashion Week, which is due to finish tomorrow.

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