View source for Jump Z Trigger Event

== Definition ==
'''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.

== Disclaimer ==
This entry annotates a [https://spec.edmcouncil.org/fibo/ FIBO Ontology Class]. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the [https://opensource.org/licenses/MIT 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.

[[Category:CMOs]]

{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/SEC/Debt/AssetBackedSecurities/CMOs/index-en.html }}

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