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...")
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.
