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.
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.
Since close, the pool has migrated towards more whole loans and A notes (to 58% from 39%), and less B notes, second mortgages, mezzanine debt, and preferred equity (to 35% from 42%), and maintained its exposure to commercial real estate collateralized
debt obligation securities (7%).
Primus CLO I, which is managed by the company's Primus Asset Management subsidiary, is a $400 million collateralized
loan obligation primarily composed of leveraged loans.
9%) is collateralized
by 18 cross-collateralized
and cross-defaulted anchored community shopping centers located throughout California.
For more information on the Fitch VECTOR Model, see 'Global Rating Criteria for Collateralized
Debt Obligations,' dated Oct.
HYPPCO is a collateralized
debt obligation (CDO), comprised primarily of high yield bonds, that closed Feb.