support tranche
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Tranche — In structured finance, a tranche (misspelled as traunch or traunche) is one of a number of related securities offered as part of the same transaction. The word tranche is French for slice, section, series, or portion. In the financial sense of… … Wikipedia
Tranche (électronique) — Wafer Un wafer en silicium gravé En électronique et micro électronique, wafer est le mot anglais qui désigne une tranche ou une galette de semi conducteur. Autrement dit, un wafer est un disque assez fin de matériau semi conducteur[1 … Wikipédia en Français
Tranche de semi-conducteur — Wafer Un wafer en silicium gravé En électronique et micro électronique, wafer est le mot anglais qui désigne une tranche ou une galette de semi conducteur. Autrement dit, un wafer est un disque assez fin de matériau semi conducteur[1 … Wikipédia en Français
support tranches — See companion tranche … Financial and business terms
Companion Tranche — A class of tranche found in planned amortization class (PAC) and targeted amortization class (TAC) collateralized mortgage obligations (CMOs) that absorbs variable prepayment rates. The companion trache is so named because it is designed to… … Investment dictionary
PAC tranche — planned amortization class ( PAC) tranche A REMIC security created to receive selected cash flows from a pool of underlying mortgages securing the REMIC. PAC tranches use a structure similar to a sinking fund to establish a fixed principal… … Financial and business terms
planned amortization class tranche — planned amortization class ( PAC) tranche A REMIC security created to receive selected cash flows from a pool of underlying mortgages securing the REMIC. PAC tranches use a structure similar to a sinking fund to establish a fixed principal… … Financial and business terms
companion tranche — A specific tier or segment of REMIC security. A REMIC tranche that is structured to absorb a disproportionate amount of the volatility caused by variations in the prepayments of the underlying collateral. Companion tranches are created to be more … Financial and business terms
busted PAC — Planned amortization class tranches in collateralized mortgage obligations for which the companion or support tranche has been completely retired by larger than expected prepayments from the underlying mortgage loans. Because the companion or… … Financial and business terms
Companion Bond — A class of tranche found in a planned amortization class (PAC) bond that is responsible for protecting the PAC tranche from both contraction and extension risk. The companion bond is designed to absorb excess principal payments during times of… … Investment dictionary
