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Stripped mortgage backed securities (SMBS)
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Stripped mortgage backed securities (SMBS)Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors.
RELATED TERMS--------------------------------------
Securities
Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.).
Cash
The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances.
Underlying
1) In derivatives, the security that must be delivered when a derivative contract, such as a put or call option, is exercised. 2) In equities, the common stock that must be delivered when a warrant is exercised, or when a convertible bond or convertible preferred share is converted to common stock.
Generic
Describes the characteristics and-or experience of the total universe of a coupon of MBS sector type.
Collateral
In the context of project financing, additional security pledged to support the project financing.
Principal
The amount of a loan, which the borrower has to pay back when the loan matures; a person who engages a broker to buy and sell for him.
Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.
SIMILAR TERMS--------------------------------------
Strike index
For a stock index option, the index value at which the buyer of the option can buy or sell the underlying stock index.
STRIKE Oil Limited
STRIKE Oil Limited is a large Australian company in the field of energy. Their Australian Stock Exchange (ASX) code is STX.
Strike price
The stated price per share for which underlying stock may be purchased (in the case of a call) or sold (in the case of a put) by the option holder upon exercise of the option contract.
Striking price
The price at which an option can be exercised.
Striking price intercal
The distance between striking prices on a particular underlying security.
Strip
Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock.
Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages.
STRIP STEEL COMMUNITY Credit Union
STRIP STEEL COMMUNITY is a credit union with head office in WEIRTON, WV
Stripped bond
Bond that can be subdivided into a series of zero-coupon bonds.
Stripped yield
Applies mainly to convertible securities. Return on the debt portion of a bond-warrant unit after subtracting the value of the issued warrant segment.
PREVIOUS AND NEXT TERMS--------------------------------------
Striking price
The price at which an option can be exercised.
Striking price intercal
The distance between striking prices on a particular underlying security.
Strip
Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock.
Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages.
Stripped bond
Bond that can be subdivided into a series of zero-coupon bonds.
Stripped mortgage backed securities (SMBS)
Stripped yield
Applies mainly to convertible securities. Return on the debt portion of a bond-warrant unit after subtracting the value of the issued warrant segment.
Strong currency
A currency whose value compared to other currencies is improving, as indicated by a decrease in the direct exchange rates for the currency.
Strong dollar
When the dollar can be exchanged for a large amount of foreign currency, benefiting travelers but hurting exporters.
Strong form efficiency
A form of pricing efficiency, that posits that the price of a security reflects all information, whether or not it is publicly available.
Strong form of the EMT
Theory that market prices reflect all relevant publicly and privately available information.
RELATED TERMS--------------------------------------
Securities
Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.).
Cash
The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances.
Underlying
1) In derivatives, the security that must be delivered when a derivative contract, such as a put or call option, is exercised. 2) In equities, the common stock that must be delivered when a warrant is exercised, or when a convertible bond or convertible preferred share is converted to common stock.
Generic
Describes the characteristics and-or experience of the total universe of a coupon of MBS sector type.
Collateral
In the context of project financing, additional security pledged to support the project financing.
Principal
The amount of a loan, which the borrower has to pay back when the loan matures; a person who engages a broker to buy and sell for him.
Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.
SIMILAR TERMS--------------------------------------
Strike index
For a stock index option, the index value at which the buyer of the option can buy or sell the underlying stock index.
STRIKE Oil Limited
STRIKE Oil Limited is a large Australian company in the field of energy. Their Australian Stock Exchange (ASX) code is STX.
Strike price
The stated price per share for which underlying stock may be purchased (in the case of a call) or sold (in the case of a put) by the option holder upon exercise of the option contract.
Striking price
The price at which an option can be exercised.
Striking price intercal
The distance between striking prices on a particular underlying security.
Strip
Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock.
Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages.
STRIP STEEL COMMUNITY Credit Union
STRIP STEEL COMMUNITY is a credit union with head office in WEIRTON, WV
Stripped bond
Bond that can be subdivided into a series of zero-coupon bonds.
Stripped yield
Applies mainly to convertible securities. Return on the debt portion of a bond-warrant unit after subtracting the value of the issued warrant segment.
PREVIOUS AND NEXT TERMS--------------------------------------
Striking price
The price at which an option can be exercised.
Striking price intercal
The distance between striking prices on a particular underlying security.
Strip
Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock.
Strip mortgage participation certificate (strip PC)
Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages.
Stripped bond
Bond that can be subdivided into a series of zero-coupon bonds.
Stripped mortgage backed securities (SMBS)
Stripped yield
Applies mainly to convertible securities. Return on the debt portion of a bond-warrant unit after subtracting the value of the issued warrant segment.
Strong currency
A currency whose value compared to other currencies is improving, as indicated by a decrease in the direct exchange rates for the currency.
Strong dollar
When the dollar can be exchanged for a large amount of foreign currency, benefiting travelers but hurting exporters.
Strong form efficiency
A form of pricing efficiency, that posits that the price of a security reflects all information, whether or not it is publicly available.
Strong form of the EMT
Theory that market prices reflect all relevant publicly and privately available information.
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This dictionary contains 24549 terms.
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