Difference between revisions of "Absolute Prepayment Rate Formula"
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== Disclaimer == | == Disclaimer == |
Latest revision as of 16:02, 1 December 2022
Definition
Absolute Prepayment Rate Formula (ABS) is defined by the following formula:
where SMM refers to Single Month Mortality, which measures the percentage of funds prepaid in a given month expressed as a percentage of the scheduled loan balance.
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.