Collateralised Mortgage Obligation

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

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.


See also