Pass-through coupon rate
(redirected from Pass-Through Coupon Rates)Pass-through coupon rate
The interest rate paid on a securitized pool of assets, which is less than the rate paid on the underlying loans by an amount equal to the servicing and guaranteeing fees.
Pass-Through Coupon Rate
The interest rate a holder receives on a pass-through security. A pass-through security is a negotiable security backed by the receivables on a pool of liabilities like loans or mortgages. The pass-through coupon rate is the same as the weighted average interest rate on the liabilities underlying the security, less any applicable fees.