all you ever need to know about remics - securities trusts

8/8/2019 ALL YOU EVER NEED TO KNOW ABOUT REMICS - SECURITIES TRUSTS

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nz dl~~lnz dl~~l


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>>

N~jga Mjtvc~z ca ^GEJDtN~jga Mjtvc~z ca ^GEJDt

D~glvgf nz Dckb~gtt jk


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44

Mjtvc~z ca ^GEJDt) Dckv+Mjtvc~z ca ^GEJDt) Dckv+ Vmg V^L x~cqjfgf vmlv) lavg~


4/15

66

Rmlv) g}ldviz) jt l ^GEJD3Rmlv) g}ldviz) jt l ^GEJD3

L ^GEJD jt lkz gkvjvz liicrgf wkfg~ tvlvg ilr -g+b+) dc~xc~lvjck) v~wtv) c~L ^GEJD jt lkz gkvjvz liicrgf wkfg~ tvlvg ilr -g+b+) dc~xc~lvjck) v~wtv) c~xl~vkg~tmjx* vmlv eggvt vmg ~g|wj~gegkvt lkf gigdvt vc ng v~glvgf lt twdm0xl~vkg~tmjx* vmlv eggvt vmg ~g|wj~gegkvt lkf gigdvt vc ng v~glvgf lt twdm0l ^GEJD elz litc ng ac~egf lt l tgb~gblvgf xcci ca lttgvt) ~lvmg~ vmlk ll ^GEJD elz litc ng ac~egf lt l tgb~gblvgf xcci ca lttgvt) ~lvmg~ vmlk l

tgxl~lvg igbli gkvjvztgxl~lvg igbli gkvjvz L ^GEJD jt v~glvgf lt l kckL ^GEJD jt v~glvgf lt l kck%%vl}lnig gkvjvz lkf jvt ~gbwil~ jkvg~gtvt l~gvl}lnig gkvjvz lkf jvt ~gbwil~ jkvg~gtvt l~g

v~glvgf lt fgnvv~glvgf lt fgnv

^GEJDt ewtv eggv jkvg~gtv) lttgv lkf l~~lkbgegkv vgtvt^GEJDt ewtv eggv jkvg~gtv) lttgv lkf l~~lkbgegkv vgtvt


5/15

77

^GEJD^GEJD %% Agfg~li Vl}Agfg~li Vl}

\wlijajdlvjck\wlijajdlvjck Jkvg~gtv VgtvJkvg~gtv Vgtv

Lii jkvg~gtvt ewtv ng gjvmg~ ~gbwil~ c~ ~gtjfwli jkvg~gtvtLii jkvg~gtvt ewtv ng gjvmg~ ~gbwil~ c~ ~gtjfwli jkvg~gtvt

Ckg ~gtjfwli diltt liicrgf rjvm x~c ~lvl fjtv~jnwvjcktCkg ~gtjfwli diltt liicrgf rjvm x~c ~lvl fjtv~jnwvjckt

Fgajkgf lt lkzvmjkb vmlv jt kcv l ~gbwil~ jkvg~gtvFgajkgf lt lkzvmjkb vmlv jt kcv l ~gbwil~ jkvg~gtv

Wkijejvgf ~gbwil~ dilttgt -jkdiwfjkb kckg*Wkijejvgf ~gbwil~ dilttgt -jkdiwfjkb kckg*

Jttwgf ck vmg tvl~vwx flz -l


6/15

11

^GEJD^GEJD %% Agfg~li Vl} \wlijajdlvjck)Agfg~li Vl} \wlijajdlvjck)

Dckv+Dckv+Lttgv VgtvLttgv Vgtv

Twntvlkvjliiz lii ca jvt lttgvt l~g dcex~jtgf ca |wlijajgf ec~vblbgt lkfTwntvlkvjliiz lii ca jvt lttgvt l~g dcex~jtgf ca |wlijajgf ec~vblbgt lkfxg~ejvvgf jkqgtvegkvtxg~ejvvgf jkqgtvegkvt

\wlijajgf Ec~vblbgt jkdiwfg?\wlijajgf Ec~vblbgt jkdiwfg?

Lkz cnijblvjck rmjdm jt x~jkdjxliiz tgdw~gf nz lk jkvg~gtv jk ~gliLkz cnijblvjck rmjdm jt x~jkdjxliiz tgdw~gf nz lk jkvg~gtv jk ~glix~cxg~vz lkf jt gjvmg~ v~lktag~~gf vc vmg ^GEJD ck vmg tvl~vwxx~cxg~vz lkf jt gjvmg~ v~lktag~~gf vc vmg ^GEJD ck vmg tvl~vwxflz c~ jt xw~dmltgf rjvmjk 4 eckvmt xw~twlkv vc l aj}gfflz c~ jt xw~dmltgf rjvmjk 4 eckvmt xw~twlkv vc l aj}gf%%x~jdgx~jdgdckv~ldv jk gaagdv ck vmg tvl~vwx flzdckv~ldv jk gaagdv ck vmg tvl~vwx flz

Lkz ~gbwil~ jkvg~gtv jk lkcvmg~ ^GEJDLkz ~gbwil~ jkvg~gtv jk lkcvmg~ ^GEJD

Lkz |wlijajgf ~gxildgegkv ec~vblbg) rmjdm jt lkz cnijblvjckLkz |wlijajgf ~gxildgegkv ec~vblbg) rmjdm jt lkz cnijblvjckvmlv rcwif ng l |wlijajgf ec~vblbg ja jv rg~g v~lktag~~gf vc vmgvmlv rcwif ng l |wlijajgf ec~vblbg ja jv rg~g v~lktag~~gf vc vmg^GEJD ck vmg tvl~vwx flz) lkf vmlv jt ~gdgjqgf ac~ gjvmg~^GEJD ck vmg tvl~vwx flz) lkf vmlv jt ~gdgjqgf ac~ gjvmg~lkcvmg~ cnijblvjck rjvmjk vmg 4 eckvm xg~jcf c~ l fgagdvjqglkcvmg~ cnijblvjck rjvmjk vmg 4 eckvm xg~jcf c~ l fgagdvjqgcnijblvjck rjvmjk > zgl~t ca vmg tvl~vwx flzcnijblvjck rjvmjk > zgl~t ca vmg tvl~vwx flz

L fgagdvjqg cnijblvjck jt ckg jk fgalwiv c~ ~gltcklnizL fgagdvjqg cnijblvjck jt ckg jk fgalwiv c~ ~gltcklnizg}xgdvgf vc fgalwiv) jttwgf wkfg~ a~lwf) vmlv fcgt kcvg}xgdvgf vc fgalwiv) jttwgf wkfg~ a~lwf) vmlv fcgt kcvdckac~e vc dwtvcel~z ~gx~gtgkvlvjck c~ rl~~lkvz bjqgk nzdckac~e vc dwtvcel~z ~gx~gtgkvlvjck c~ rl~~lkvz bjqgk nz

txcktc~ c~ x~jc~ crkg~txcktc~ c~ x~jc~ crkg~


7/15

22


Dckv+Dckv+Lttgv Vgtv) Dckv+Lttgv Vgtv) Dckv+


Xg~ejvvgf jkqgtvegkvt jkdiwfg?Xg~ejvvgf jkqgtvegkvt jkdiwfg?

Dltm aicr jkqgtvegkvt ~gx~gtgkvjkb jkqgtvegkv ca xlzegkvtDltm aicr jkqgtvegkvt ~gx~gtgkvjkb jkqgtvegkv ca xlzegkvt~gdgjqgf a~ce |wlijajgf ec~vblbgt ac~ l vgexc~l~z xg~jcf~gdgjqgf a~ce |wlijajgf ec~vblbgt ac~ l vgexc~l~z xg~jcfngvrggk ~gdgjxv lkf vmg ~gbwil~iz tdmgfwigf flvg ac~ngvrggk ~gdgjxv lkf vmg ~gbwil~iz tdmgfwigf flvg ac~fjtv~jnwvjck vc ^GEJD jkvg~gtv mcifg~t -dlkkcv g}dggf


8/15

==


Dckv+Dckv+Lttgv Vgtv) Dckv+Lttgv Vgtv) Dckv+


Twntvlkvjliiz lii eglkt vmlv kc ec~g vmlk l fg ejkjejt lecwkvTwntvlkvjliiz lii eglkt vmlv kc ec~g vmlk l fg ejkjejt lecwkv

ca cvmg~ lttgvt dlk ng mgif nz ^GEJDca cvmg~ lttgvt dlk ng mgif nz ^GEJD Tlag ml~nc~ ~wig ac~ tlvjtazjkb fg ejkjejt vgtv jt dcktjfg~gf vc ngTlag ml~nc~ ~wig ac~ tlvjtazjkb fg ejkjejt vgtv jt dcktjfg~gf vc ng

egv ja vmg lbb~gblvg vl} nltjt ca vmctg cvmg~ lttgvt jt igtt vmlk


9/15


10/15

zgl~t

Ac~gdictw~g) fgalwiv c~ jeejkgkv fgalwivAc~gdictw~g) fgalwiv c~ jeejkgkv fgalwiv

Cvmg~ -|wlijajgf ij|wjflvjck) diglkCvmg~ -|wlijajgf ij|wjflvjck) diglk%%wx dlii) nlk`~wxvdz*wx dlii) nlk`~wxvdz*

Lkz bljk ~glijgf a~ce tlig ca dltm aicr jkqgtvegkvLkz bljk ~glijgf a~ce tlig ca dltm aicr jkqgtvegkv

Lii x~cmjnjvgf v~lktldvjck jkdceg jt twnogdv vc


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12/15

^GEJD^GEJD %% Agfg~li Vl}Agfg~li Vl}

Dcktjfg~lvjckt) Dckv+Dcktjfg~lvjckt) Dckv+ X~cmjnjvgf V~lktldvjckt) Dckv+X~cmjnjvgf V~lktldvjckt) Dckv+

Dg~vljk cvmg~ ecfjajdlvjckt l~g fggegf vc ngDg~vljk cvmg~ ecfjajdlvjckt l~g fggegf vc ngl fjtxctjvjck ca l |wlijajgf ec~vblbgl fjtxctjvjck ca l |wlijajgf ec~vblbg

L dmlkbg jk cnijbc~L dmlkbg jk cnijbc~

Lffjvjck c~ fgigvjck ca dcLffjvjck c~ fgigvjck ca dc%%cnijbc~ ja jv ~gtwivt jk lcnijbc~ ja jv ~gtwivt jk ldmlkbg jk xlzegkv g}xgdvlvjcktdmlkbg jk xlzegkv g}xgdvlvjckt

Dmlkbgt jk tgdw~jvz c~ d~gfjv gkmlkdgegkvDmlkbgt jk tgdw~jvz c~ d~gfjv gkmlkdgegkv


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all you ever need to know about remics - securities trusts

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