pass-through security การใช้

Asset securities include mortgage pass - through securities , mortgage - backed securities , pay - through securities and strip mortgage / collateral securities
Now there is a large body of academic and industry research on the establishment of mortgage - backed securities ( mbs ) market , much of which involves introduction of various types of mbs such as mortgage pass - through securities ( mpts ) , mortgage pay - through bonds ( mptbs ) , mortgage - backed bonds ( mbbs ) , collateralized mortgage obligations ( cmos ) and so on
Based on the difference in the securities repayment structure , the securitization tools can be divided into pass - through securities , mortgage - backed bonds and pay - through securities . the emergence of asset securitization has brought with it enormous economic benefits . it will lead to the optimization of financial structure , the construction of a
The distributor should select the cmo as the tools of mbs , not the mortgage pass - through securities or mortgage bonds . finally , the article gives a brief introduction to the measurement of the prepayment risk , interest - rate risk and the credit risk , additionally , the article analyzes the methods of how to manage the three kinds of risk . the overall objective of this thesis is to propose a working strategy for policy - maker and to offer fresh perspectives for researchers on theory and practice of mbs in china