Jump Z Trigger Event

From Open Risk Manual


Jump Z Trigger Event. The event which triggers the Jump Z

If this trigger event is reached then the holders of the Jump Z tranche will begin to receive payments. Regular non-Sticky Jump Z tranches maintain their changed status only while the trigger event is in effect, and revert to their old payment status once the trigger event has passed. The event may be a market event or an event relating to the deal.


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