Security Note
Definition
Security Note. An individually denominated note within a security or tranche of a security, where this is issued in notes of different denominations.
Issues and Challenges
Introduced for MBS Proof of Concept, to model MBS tranches where one tranche may have notes of multiple denominations. Other applications of this concept are not known at present. Trivially, all securities could be said to be in "notes" in this sense but the term is not normally referred to.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.