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- UID
- 223432
- 帖子
- 312
- 主题
- 12
- 注册时间
- 2011-7-11
- 最后登录
- 2016-4-19
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NAS tranche is a non-accelarating tranche.
it will have less contraction and less extension risk.
for the first 7 years - it will receive no prepayments. after that it will. so it has less contraction and extension risk.
NAS Tranche > Sequential tranche > Non-NAS tranche when it comes to stability of average life of the tranche.
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发表于 2011-7-13 16:56
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