Floater Tranche
From Open Risk Manual
Definition
Floater Tranche. A floater tranche is a tranche that is keyed to an index and a spread.
For example, 3 month LIBOR +50 -- meaning that the coupon would be whatever the 3 month LIBOR is plus 50 basis points. This is not a continuously updated number, rather it resets at specified intervals.
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.
Facts about "Floater Tranche"
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/AssetBackedSecurities/MortgageBackedSecurities/index-en.html + |
