Single Month Mortality

From Open Risk Manual
Revision as of 16:03, 1 December 2022 by Wiki admin (talk | contribs) (Created page with "== Definition == '''Single Month Mortality''' (SMM) is a term used in the context of Prepayment Risk and it denotes the monthly prepayment rate based on the current balanc...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

Definition

Single Month Mortality (SMM) is a term used in the context of Prepayment Risk and it denotes the monthly prepayment rate based on the current balance.