All posts tagged: prepayment risk

First Mortgage-Backed Securites to debut soon

The Nation reports the Government Saving Bank (GSB) is preparing its first issue of what will be Thailand's first mortgage-backed securites (MBS).This has several implications: The securitized instrument will be more liquid. Default risk can be better managed with the underlying transferred to a special purpose vehicle (SPV). More tranched products in the market. There […]