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Policyholder loan bonds
| Глоссарий экономических терминов |
Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.
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Basket options, английский
Packages that involve the exchange of more than two currencies against a base currency at expiration. the basket option buyer purchases the right, but not the obligation, to receive designated currencies in exchange for a base currency, either at the prevailing foreign exchange market rate or at a prearranged rate of exchange. multinational corporations with multicurrency cash flows frequently use basket options because it is generally cheaper to buy an option on a basket of currencies than to buy individual options on each of the currencies that make up the basket.
Strip mortgage participation certificate (strip pc), английский
Ownership interests in specified mortgages purchased by freddie mac from a single seller in exchange for separate instruments representing interests in the same mortgages.
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