Англо-русский экономический словарь.
Public Securities Association Standard Prepayment Model - PSA — An assumed monthly rate of prepayment that is annualized to the outstanding principal balance of a mortgage loan. The PSA model is one of several models used to calculate and manage prepayment risk. The PSA model acknowledges that prepayment… … Investment dictionary
prepayment — USA In the case of a loan, it is a whole or partial repayment of the loan before the maturity date set out in the loan agreement. Loan agreements typically include optional prepayment provisions (where the borrower may voluntarily make a loan… … Law dictionary
Prepayment Model — A model used to estimate the level of prepayments on a loan portfolio that will occur in a set period of time, given possible changes in interest rates. Prepayment models are based on mathematical equations and usually involve the analysis of… … Investment dictionary
PSA prepayment model — is a prepayment model by the SIFMA (Securities Industry and Financial Markets Association) formerly known as Public Securities Association or PSA that assumes increasing prepayment rates for the first 30 months of the lifetime and constant rates… … Wikipedia
optional prepayment — USA A provision in loan agreements that allows the borrower to prepay all or a portion of the outstanding loans at any time before maturity. In some loan agreements optional prepayments may be subject to a prepayment penalty. For more information … Law dictionary
Zero Prepayment Assumption — The supposition that scheduled principal and interest will be paid off with no installments. This is typically done as a means of providing a benchmark to gauge other, more complex assumptions. By determining what a product or service will cost… … Investment dictionary
Refinancing Risk — 1. The risk that an early unscheduled repayment of principal on mortgage backed securities(MBS) will occur when the underlying mortgages are refinanced by borrowers. All MBS buyers assume some level of prepayments in their initial yield… … Investment dictionary
PSA model — One of two standard models for describing the rate at which prepayments have been, are, or are expected to be received for mortgages and mortgage backed securities. The model assumes that borrowers are far less likely to refinance a new mortgage… … Financial and business terms
health-maintenance organization — (HMO) A type of health care organization developed in the USA, initially on co operative principles, now increasingly run by profit making corporations. Unlike fee for service medicine, HMOs (a 1970s term) are group practices, providing… … Dictionary of sociology
Electricity meter — Typical North American domestic analog electricity meter … Wikipedia
Mortgage loan — Mortgage redirects here. For other uses, see Mortgage (disambiguation). Finance Financial markets … Wikipedia
