Net Interest Margin Securities definition
Net Interest Margin Securities. As defined in Section 2.16 hereof.
Net Interest Margin Securities. As defined in Section 7.01(a) hereof.
Net Interest Margin Securities or “NIMs” means any Underlying Asset that is a security representing a repackaged interest in residual cashflows from one or more previously securitized asset-backed transactions; provided that such Underlying Asset is rated by Standard & Poor’s and Moody’s.
Examples of Net Interest Margin Securities in a sentence
Net Interest Margin Securities, if any, issued by the NIMS Issuer, which are backed, in whole or in part, by the cashflow on certain Class C Certificates and the Class P Certificates and not insured by any NIMS Insurer.
More Definitions of Net Interest Margin Securities
Net Interest Margin Securities means the debt securities issued by the NIM Trust.
Net Interest Margin Securities means Structured Finance Securities that entitle the holders thereof to receive payments that depend (except for rights or other assets designed to assure the servicing or timely distribution of proceeds to holders of the Structured Finance Securities) on the cash flow from the income generated by banks via their operations.