Thus , this dissertation is devoted to presenting complete coverage of the collateralized mortgage obligations so as to fill in some blank of this field 基于此,本文選擇了cmo證券作為分析對象,對其進行了完整的剖析。
It was also made clear that collateralized mortgage obligation should be chose as the first one of mbs in china for its remarkable characteristics compared with the other kinds of mbs 并將目前美國住房抵押貸款支持證券的三種基本結構相互比較,指出擔保抵押債券最適合作為我國住房抵押貸款支持證券的啟動形式。
The second product is in the form of multi - class mbs with credit - enhancement provided through segmentation of the issue into senior and junior tranches commonly known as collateralized mortgage obligation or cmo , over - collateralization or reserve fund arrangements 第二類是多級別按揭證券信貸增方法包括拆分證券為高級及次級通稱為抵押按揭權責,預留資金,超額抵押及上述組合等。
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 目前,學術界和本行業(yè)實踐者們對我國發(fā)展mbs市場這一課題進行了廣泛的研究,其中,很大一部分研究是圍繞住房抵押貸款支持證券的品種設計展開的,這些品種包括過手證券、轉付證券、抵押貸款支持債券以及抵押擔保證券( cmos )等。
A collateralized mortgage obligation (CMO) is a type of debt security first created in 1983 by the investment banks Salomon Brothers and First Boston for U.S.