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PO

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 ?
Debit POS usage is embraced by all income levels and is highest among those with household incomes of $40,000 and above.
Now, introducing the High Security Wireless Bridge with Card Access, we enable existing networked systems such as POS terminals to go wireless by requiring no changes to existing systems and infrastructure while resolving security issues.
Headquartered in Atlanta, InfoTouch Corporation has been the leader in the touch-screen retail POS software industry for over 17 years.
In 1993, NYCE's predecessor, the New York Switch Corporation, and EPS and MAC settled unfair competition litigation by agreeing to create and thereafter maintain an open and flexible business environment between their respective EFT networks by instituting "issuer choice" rules for routing POS transactions.
The settlement agreement also prohibits Concord, NYCE and their respective affiliates from adopting and imposing any operating rule that would unilaterally prevent the routing of POS debit transactions to the other network, thereby depriving their member financial institutions of the power to choose.
the leader in customer-centric retail solutions that enhance the Customer Experience and improve operating efficiencies, today announced that Transactionware Enterprise now supports the IBM 4690 operating system, allowing Triversity's industry-leading enterprise POS solution to be deployed on legacy 46XX hardware and peripherals.
The true thin-client architecture of Transactionware Enterprise allows it be deployed in a mixed IBM 4690 environment, with support for both standard Java clients that have graphical interfaces, as well as very low-end 4690 clients through a 4690-specific front end that can leverage 46XX POS hardware and peripherals.
Intended for use with any member of the BEETLE(R) family of POS systems, the VersaLane includes batteries to provide up to 24 hours of power, depending on configuration.
Wincor Nixdorf has seen increased customer demand for a mobile POS solution, and VersaLane provides an ideal way for stores to increase sales through flexible, on-demand deployment of their checkout lanes.
Wincor Nixdorf will demonstrate the new BEETLE/OnePOS, an integrated POS system, and will also introduce BEETLE POS systems powered by Intel(R) Pentium(R) 4 processors.
Nasdaq: SCSC), the leading international distributor of specialty technology products, today announced an agreement with Hewlett-Packard (HP) to distribute the HP rp5000 POS, the company's new Web-enabled, point-of-sale (POS) platform.
The HP rp5000 POS is an open-standards based device designed to withstand the rigors of the retail environment with enhanced power and cooling capabilities and extensive connectivity for POS peripherals via powered and non-powered serial and USB ports.