Vintage

外汇网2021-06-19 20:55:42 56

A slang term used by mortgage-backed securities (抵押贷款支持债券) traders and investors to refer to an 抵押贷款支持债券 that is seasoned over some time period. 抵押贷款支持债券s typically have maturities around 30 years, and a particular issue's 'vintage' will expose the holder to less ppayment and default risk, although this decreased risk also limits price appciation.

|||The underlying loans of certain vintage 抵押贷款支持债券s have unique characteristics, such as burnout, that make the vintage trade at a pmium price. These unique characteristics are a result of how underlying assets in 抵押贷款支持债券 are pooled. Most 抵押贷款支持债券s pool the underlying assets across certain geographical regions with similar terms to maturity and interest rates. This makes forecasting payment plans more pdictable.

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