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One feature of CMO floaters that is somewhat unusual is that they have a coupon cap, usually set well out of the money (e.g. 8% when LIBOR is 5%) In creating a CMO floater, a CMO Inverse is generated. The CMO inverse is a more complicated instrument to hedge and analyse, and is usually sold to sophisticated investors.
The CMO market is the largest issuer of inverse floaters. [3] The CMO inverse floater is considered a more complicated instrument to hedge and analyze, and is usually sold to sophisticated investors. The collateral in this market refers to mortgage-related products which create the CMO, this is known as "CMO collateral."
Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans, or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt ...
A synthetic CDO is a variation of a CDO (collateralized debt obligation) that generally uses credit default swaps and other derivatives to obtain its investment goals. [1] As such, it is a complex derivative financial security sometimes described as a bet on the performance of other mortgage (or other) products, rather than a real mortgage security. [2]
Campbell Diagram of a steam turbine. Analysis shows that there are well-damped critical speed at lower speed range. Analysis shows that there are well-damped critical speed at lower speed range. Another critical speed at mode 4 is observed at 7810 rpm (130 Hz) in dangerous vicinity of nominal shaft speed, but it has 30% damping - enough to ...
The typical McCabe–Thiele diagram in Figure 1 uses a q-line representing a partially vaporized feed. Example q-line slopes are presented in Figure 2. The number of steps between the operating lines and the equilibrium line represents the number of theoretical plates (or equilibrium stages) required for the distillation. For the binary ...
Weiss ring: a large, ring shaped floater that is sometimes seen if the vitreous body releases from the back of the eye. When this occurs there is a characteristic pattern of symptoms: Flashes of light ; A sudden dramatic increase in the number of floaters; A ring of floaters or hairs just to the temporal side of the central vision
In engineering, the Moody chart or Moody diagram (also Stanton diagram) is a graph in non-dimensional form that relates the Darcy–Weisbach friction factor f D, Reynolds number Re, and surface roughness for fully developed flow in a circular pipe. It can be used to predict pressure drop or flow rate down such a pipe.