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PAC (1)

PAC (2)

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

PAC Bond

A collateralized mortgage obligation that seeks to protect investors from prepayment risk. PACs do this by setting a schedule of payments; if prepayments of the underlying mortgages exceed a certain rate, the life of the PAC is shortened. If they fall below a certain rate, the life of the tranche is extended. This helps protect investors in case the holders of the underlying mortgages do not pay off their mortgages as expected.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The purpose of the new company is to develop and market STI's technology to discrete manufacturing industries.
Commenting on the news, Michael Stephens, EVP of Sales and Customer Relations, said "Parsec is genuinely excited to have TrakSYS as the software platform of choice for PREMIER'S Discrete Manufacturing Center of Excellence.
"Discrete manufacturing is inherently complex, and continual pressure from customer demands, market volatility and the regulatory landscape mean that this complexity is on the increase," explained Phil Lewis.
MSC represents a game changer in our mission to deliver actionable manufacturing intelligence, taking us another step closer to realizing our smart connected factory vision in discrete manufacturing industries such as automotive and aerospace, said Hexagon President and CEO Ola Rollen.
Discrete manufacturing and retail are expected to be the only two industries spending more than USD1.0 billion on AR/VR solutions this year.
aPriori software and services generate hard-dollar product cost savings for discrete manufacturing and product innovation companies.
Price pressures have compelled the discrete manufacturing sectors to innovate continuously and reduce scrap and rework, improve asset utilization, and deliver top quality products to end-users.
NW Systems has been deploying IP video monitoring systems in food processing and discrete manufacturing plants in the UK for some years but has been looking for an IT provider with domain expertise to help expand its offering in this market.
The company maintains an extensive customer base in many highly regulated industries--such as life sciences, which includes the top 30 pharmaceutical, 12 of the top 15 medical device and leading consumer products and discrete manufacturing companies.
Thinking about how process manufacturing is different than discrete manufacturing. FDA regulations and compliance, and expiry management are critical success factors to selecting and implementing the right solution.
The SAP Solutions Lab will deliver a wide gamut of SAP solutions, spanning from SAP ERP to latest technologies such as SAP HANA and SAP FIORI, and will focus on solving real business process issues to enable faster decision-making for clients in various industry verticals such as Discrete Manufacturing, Process Manufacturing, Life Sciences, Retail, CPG, BFSI and Utilities.

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