pass-through certificates


Also found in: Wikipedia.

Pass-Through Security

A derivative security representing the receivables on some debt. That is, a shareholder of a pass-through security is entitled to a portion of the income from the debt. Generally, a pass-through security has a large number of debts underlying it; for example, a pass-through may represent a portion of several hundred car loans. The most common type of pass-through is a mortgage-backed security.

pass-through certificates (or securities)

Interests in a pool of mortgages sold to investors.

References in periodicals archive ?
(DBRS) assigned provisional ratings to the Mortgage Pass-Through Certificates, Series 2019-3 (the Certificates) to be issued by Wells Fargo Mortgage Backed Securities 2019-3 Trust as follows.
New York: Fitch Ratings has affirmed eight classes of FREMF 2017-K71 Multifamily Mortgage Pass-Through Certificates and five classes of Freddie Mac Structured Pass-Through Certificates, Series K-071.
BANKING AND CREDIT NEWS-December 21, 2010--CVS Caremark USD338.1m pass-through certificates get S&P investment mark(C)2010 M2 COMMUNICATIONS http://www.m2.com
M2 EQUITYBITES-December 21, 2010--CVS Caremark USD338.1m pass-through certificates get S&P investment mark(C)2010 M2 COMMUNICATIONS http://www.m2.com
CA Colonnade Securities Trust, cap appreciation pass-through certificates, Class A, were rated AA-/negative (from AA-).
(DBRS) assigned the following provisional ratings to the Mortgage Pass-Through Certificates, Series 2019-J1 (the Certificates) to be issued by CIM Trust 2019-J1.
Securities and Exchange Commission, affirmed six classes of FREMF 2014-K40 Multifamily Mortgage Pass-Through Certificates and three classes of Freddie Mac Structured Pass-Through Certificates, K-040.
Scottish Annuity & Life Insurance Company (Cayman) Ltd, a subsidiary of Scottish Re Group Limited (Pink Sheets:SKRRF), said on Wednesday that it has launched a cash tender offer for any and all of the outstanding 5.902% collateral facility certificates ("pass-through certificates") of the Stingray Pass-Through Trust.
05-Aug-19 Commercial Mortgage Pass-Through Certificates, Series 2019-CD8, Class A-1 Provis.-New AAA (sf) Stb US
Securities and Exchange Commission, has affirmed eight classes of FREMF 2016-K723 Multifamily Mortgage Pass-Through Certificates along with five classes of Freddie Mac Structured Pass-Through Certificates, Series K-723.
(DBRS) finalized its provisional ratings on the Mortgage Pass-Through Certificates, Series 2019-LTV2 (the Certificates) issued by J.P.
Securities and Exchange Commission, affirmed six classes of FREMF 2013-K35 multifamily commercial mortgage pass-through certificates and three classes of Freddie Mac structured pass-through certificates (SPC), series K-035.