Support Tranche

From Open Risk Manual

Definition

Support Tranche. A tranche which provides payment support to a PAC Tranche.

PAC tranches have priority over the other tranches in the deal, which are then referred to as the support or companion tranches.

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.

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