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82:. The advantage of these structures is that they serve as a means of diversifying the asset pool and/or increasing the demand for, and size of the offering. At the same time, the investor in a pass-through transaction acquires these rights subject to all their
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collects the monthly payments from issuers and passes them through to the security holders; this for a fee.
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in an underlying pool of assets, serving to signify the transfer of interest in favor of the holder. An
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is a specific case. In creating such a pass-through structure, the underlying assets are
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payments are "passed through" to certificate holders. Here, a
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155:"Understanding Pass-Through Securities and Their Risks"
119:"Pass-Through Certificate: What it Means, How it Works"
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190:. You can help Knowledge (XXG) by
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72:mortgage-backed security
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