Difference between revisions of "Constant Prepayment Rate"
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== Definition == | == Definition == | ||
| − | The Constant Prepayment Rate (CPR) in a | + | The '''Constant Prepayment Rate''' (CPR) in a [[Securitisation]] context is an assumed annual constant rate of payment of principal not anticipated by the scheduled amortisation of the Portfolio which, when applied monthly, results in the expected portfolio of the Transferred Receivables balance and allows to calculate the monthly prepayment. |
== Details == | == Details == | ||
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== Disclaimer == | == Disclaimer == | ||
| − | |||
* This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case | * This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case | ||
* Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced | * Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced | ||
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[[Category:Securitisation Assets]] | [[Category:Securitisation Assets]] | ||
| + | [[Category:Prepayment Risk]] | ||
{{#set:Has Formula = False | Has Object = False | Has Lambda = False | Field Type= Legal Text}} | {{#set:Has Formula = False | Has Object = False | Has Lambda = False | Field Type= Legal Text}} | ||
__SHOWFACTBOX__ | __SHOWFACTBOX__ | ||
Latest revision as of 13:33, 1 December 2022
Definition
The Constant Prepayment Rate (CPR) in a Securitisation context is an assumed annual constant rate of payment of principal not anticipated by the scheduled amortisation of the Portfolio which, when applied monthly, results in the expected portfolio of the Transferred Receivables balance and allows to calculate the monthly prepayment.
Details
None
Variations
None
Issues and Challenges
None
See Also
None
Disclaimer
- This information is provided as is without any representation of correctness, completeness or suitability for any purpose whatsoever. Refer to actual securitisation prospectuses for the definitive terms applicable in each case
- Definitions, detailed descriptions and other content may change at any time as further examples or relevant aspects are introduced
