Cleanup Call

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Cleanup Call

Also called a cleanup buyback, an option in securitization transactions in which the issuer may reduce its own administrative expenses by buying back the remaining issue when the principal has been reduced to an insignificant amount, usually to less than 10% of the original issue. This option is often exercised for mortgage-backed securities.

cleanup call

Early redemption of the entire balance of a debt issue when a relatively small amount of the original issue remains outstanding. For example, mortgage-backed securities are gradually paid down as mortgages backing the bonds are paid off by homeowners. At some point the issuer of the mortgage-backed securities may decide to reduce its own administrative expenses by calling the balance of the issue.

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Call			Bill Robertson, director of the Bureau of Street Services, said his agency needs an additional $250,000 to assign crews that could respond within 10 minutes to a cleanup call. BUSINESSES' TRASH DIRTYING SKID ROW CITY COUNCIL WEIGHS $250,000 PLAN ... by Daily News (Los Angeles, CA) The guidance addresses risk-based capital treatment pertaining to (1) split or partially rated instruments, (2) nonqualification of corporate bonds or other securities for the ratings-based approach, (3) spread accounts that function as credit-enhancing interest-only strips, (4) audits of internal credit-risk rating systems, and (5) cleanup calls. Release of minutes of discount rate meetings. (Announcements) by Federal Reserve Bulletin The majority of the loans come from RTC 1992-8, which had reached its 10% cleanup call. Fitch Affirms 4 Classes from Fairbanks Mortgage Loan Trust 1999-1 by Business Wire			Clausola del nonno Clausola di disdetta Clausula de caducidad de plazos Clausula de compromiso negativo Clausula de penalizacion Clausula de proteccion Clausula de rescate Clausula de salvaguarda Clausula liberatoria Clausulas contractuales Clawback Clayton Act CLE Clean Clean Balance Sheet Clean Bill of Lading Clean Cross Clean Opinion Clean Price Clean Report of Findings Clean Sheeting Clean Trade Clean Up Clean Water Act Clean-up merger Cleanup Call cleanup merger Clear Clear a position clear span clear title clear-cutting clear-span facility Clearance clearance letter clearing and grubbing Clearing bancario Clearing Corporation Clearing Corporations Clearing Fee Clearing Firm Clearing House Clearing House Automated Payment System Clearing House Automated Payments System Clearing House Electronic Subregister System Clearing House Funds Clearing House Interbank Payments System Clearing Member Clearing Member Trade Agreement Clearing-House Statement Clearinghouse			Cleansing Action cleansing agent cleansing cream cleansing department cleansing departments cleansing enema cleansing lotion cleansing milk cleansing of the temple cleansing solution cleansing solution cleansing solution cleansing solution cleansing solution Cleansing station cleansing, biomechanical Cleanskin Cleantech Cleantech InnoVenture Center Cleanth Brooks Cleanth Brooks Cleanthes Cleanthes cleanup cleanup cleanup cleanup Cleanup and Abatement Order Cleanup Buyback Cleanup Buybacks Cleanup Call Cleanup Calls Cleanup Criteria/Decision Document cleanup merger cleanup position Cleanup resources Cleanup resources cleanup spot Cleanup Standards Scientific Advisory Board CleanVent Air and Dirt Separator CLEAP CLEAPSS clear clear clear clear clear clear clear clear -cut clear -headed clear -minded clear -sighted clear -witted clear a debt Clear a position Clear Accountability In Design clear accounts Clear Acquisition Code Clear Advanced Super View Clear Air Turbulence

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