CFI code group : [TRM01045S]Mortgage-backed securities[TRM01045E] [DG]
Financial acronyms
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CFI code group specification as per ISO 10962:2021
Mortgage-backed securities are debt obligations that represent claims to the cash flows from pools of mortgage loans, most commonly on residential property. Mortgage loans are purchased from banks, mortgage companies and other originators, and then assembled into pools by a governmental, quasi-governmental or private entity. The entity then issues securities that represent claims on the principal and interest payments made by borrowers on the loans in the pool, a process known as securitization.
CFI code group attributes
1st attribute of group DG : Type of interest
Possible values are:
F
Fixed Rate
Z
Zero Rate/Discounted
V
Variable
2nd attribute of group DG : Guarantee
Possible values are:
T
Government/State Guarantee
G
Joint Guarantee
S
Secured
U
Unsecured/Unguaranteed
P
Negative Pledge
N
Senior
O
Senior Subordinated
Q
Junior
J
Junior Subordinated
C
Supranational
3rd attribute of group DG : Redemption/Reimbursement
Possible values are:
F
Fixed Maturity
G
Fixed Maturity with Call Feature
C
Fixed Maturity with Put Feature
D
Fixed Maturity with Put and Call
A
Amortization Plan
B
Amortization Plan with Call Feature
T
Amortization Plan with Put Feature
L
Amortization Plan with Put and Call
P
Perpetual
Q
Perpetual with Call Feature
R
Perpetual with Put Feature
E
Extendible
4th attribute of group DG : Form
Possible values are:
B
Bearer
R
Registered
N
Bearer/Registered
M
Others (Miscellaneous)