Collateralised Mortgage Obligation: Difference between revisions
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''Financial markets - products.'' | |||
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Latest revision as of 10:11, 8 April 2021
Financial markets - products.
(CMO).
A Collateralised Mortgage Obligation is a type of bond.
The bonds have claims to the cash flows from pools of mortgages.
The CMO structure is generally divided into tranches, with each tranche having different claims, rates and maturities.
