Difference between revisions of "Maturity Equivalent PSA"
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== Definition == | == Definition == | ||
'''Maturity Equivalent PSA'''. Prepayment speed that results in the same average life as that computed for the Collateralized Mortgage Obligation (CMO), Asset Backed Securities (ABS) or Mortgage Backed Securities (MBS) using the Maturity Prepay Model. | '''Maturity Equivalent PSA'''. Prepayment speed that results in the same average life as that computed for the Collateralized Mortgage Obligation (CMO), Asset Backed Securities (ABS) or Mortgage Backed Securities (MBS) using the Maturity Prepay Model. | ||
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== Issues and Challenges == | == Issues and Challenges == | ||
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[[Category:Debt Analytics]] | [[Category:Debt Analytics]] | ||
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{{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/MD/DebtTemporal/DebtAnalytics/index-en.html }} | {{#set: isDefinedBy | https://spec.edmcouncil.org/fibo/ontology/MD/DebtTemporal/DebtAnalytics/index-en.html }} | ||
__SHOWFACTBOX__ | __SHOWFACTBOX__ | ||
Revision as of 13:45, 1 December 2022
Definition
Maturity Equivalent PSA. Prepayment speed that results in the same average life as that computed for the Collateralized Mortgage Obligation (CMO), Asset Backed Securities (ABS) or Mortgage Backed Securities (MBS) using the Maturity Prepay Model.
Issues and Challenges
Detailed parameters to follow, but basically these three PSA terms are differentiated by the fact that they reference 3 different prepayment models, so each of these will refer to a sub-type of the term "Loan Pool Prepayment Model". For now the semantics are defined only in this written definition. Add model variants and terms in a future version.
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.
