Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb To slice a
sturgeon .
Etymologies
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Examples
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I sent them a tranch of debentures on Continental Airlines that in its darker days traded in the fifties, now at $104, 10 months from maturity.
Martin T. Sosnoff: My S&M Relationship With Citi and Morgan Martin T. Sosnoff 2011
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I sent them a tranch of debentures on Continental Airlines that in its darker days traded in the fifties, now at $104, 10 months from maturity.
Martin T. Sosnoff: My S&M Relationship With Citi and Morgan Martin T. Sosnoff 2011
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According to the Financial Crisis Inquiry Report, "heading into 2007 there was a Streetwide gentleman's agreement: you buy my BBB tranch and I'll buy yours." p.
Les Leopold: Is Corruption on Wall Street All in the Eyes of the Beholder? Les Leopold 2011
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The fines are complex and form just the largest tranch of a series of tax cases against Dogan's media and other holdings.
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The second “tranch” came when Bush diverted resources to invade Iraq.
Retention Attention 2009
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Then you tranch it– given differential rates of payment and default to account for risk.
The Volokh Conspiracy » A Transaction Tax on Financial Transactions? 2009
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At first the mortgage bonds were highly valued and placed in the highest tranch, but later when the loans were questioned, the tranch level was lowered, so that the bridge in fact dragged down the overall value of the derivatives rather than bolstering them.
Larry Arnstein: Higher Valuation Allowed for Brooklyn Bridge-Backed Derivates 2009
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The banksters would purchase life insurance policies, pool and tranch them, and sell securities that allow money managers to bet that the underlying “collateral” (human beings) will die an untimely death.
OpEdNews - Quicklink: Selling Death: Wall Street's Newest Bubble: by L. Randall Wray 2009
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The banksters would purchase life insurance policies, pool and tranch them, and sell securities that allow money managers to bet that the underlying “collateral” (human beings) will die an untimely death.
OpEdNews - Quicklink: Selling Death: Wall Street's Newest Bubble: by L. Randall Wray 2009
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Speaking as a person who makes a living in the financial industry, I would assume that the analyists and the packaging entities FMAC etc have done their due diligence and kept the tranch or group of loans to a high credit quality.
"As an economist, I am supposed to have something intelligent to say about the current financial crisis." Ann Althouse 2008
mckemper commented on the word tranch
Business Definition for: tranches
Dictionary of Finance and Investment Terms
tranches
risk maturity or other classes into which a multi-class security, such as a Collateralized Mortgage Obligation (CMO) or a REMIC is split. For example, the typical CMO has A, B, C, and Z tranches, representing fast pay, medium pay, and slow pay bonds plus an issue (tranch) that bears no coupon but receives the cash flow from the collateral remaining after the other tranches are satisfied. More sophisticated CMO versions have multiple Z tranches and a Y tranch incorporating a sinking fund schedule.
in the United Kingdom, fixed-rate security issues are often prearranged by governments, local authorities, or corporations, then brought out in successive rounds, termed tranches. One thus speaks of new tranches of existing securities. A variation of the term, tranchettes, refers to small tranches of gilt-edged securities (government bonds) sold by the government to the Bank of England, which then sells them into the market at times it deems appropriate.
subunits of a large ($10-$30 million) Eurodollar certificate of deposit that are marketed to smaller investors in $10,000 denominations. Tranches are represented by separate certificates and have the same interest rate, issue date, interest payment date, and maturity of the original instrument, which is called a tranch CD.
June 28, 2009