It's that collateralized
reinsurance has found itself a niche at the bottom of the reinsurance program.
While the money market savings account is well-suited for organizations that want the security of a bank deposit with FDIC insurance, those organizations whose bylaws stipulate that investments must be collateralized
can take advantage of the benefits of the automated repurchase investment sweep.
2) Is collateralized
by debt or equity securities that are liquid and readily marketable;
The end result is that in the aggregate, Holding is deemed to have been relieved of $200 of liabilities when the total amount owed to the bank is only $100 and the collateralized
assets have a mere $120 fair market value (FMV).
The resulting positive differential between the cash flow from the assets collateralizing the CMO bonds (the GNMA, FNMA, or FHLMC mortgage certificates) and the principal and interest payments on the collateralized
bonds became known as a CMO residual or CMO excess cash flow.
with securities held by the pledging financial institution's trust department or agent in the entity's name.
PreTS XXI is collateralized
by a fully funded, static portfolio of assets.
The change would apply to securities lending and repurchase agreement transactions and certain collateralized
letters of credit.
Both the collateralized
exempt obligations issued by the First Puerto Rico Tax-Exempt Fund, and the shares of the Fund, may only be offered to residents of Puerto Rico.
The series 1993-B and 1993-C bonds are collateralized
by two separate pools of conventional, recently originated, fixed-rate, first lien, one- to four-family residential mortgage loans.
JER CDO 2005-1 is a collateralized
debt obligation (CDO) that closed Nov.
The subordination amounts are cross collateralized
in that if, on any distribution date, there are insufficient funds available to distribute to the applicable class F or T senior certificates and cash flow from the other pool exceeds the amount required for distribution to its related senior certificates, the excess will be applied to make up the deficient amount.