EMBS IV is collateralized by fixed, floating, and adjustable rate mortgage-backed securities (MBS), collateralized mortgage obligations
(CMOs), ABS, U.
Collateralized mortgage obligations
(CMOs), for example, may have volatility risk profiles many times that of traditional mortgage instruments.
That definition includes traditional instruments such as receivables, payables, debt securities and common stock, as well as more innovative financial instruments such as financial futures and forward contracts, interest rate swaps and caps, collateralized mortgage obligations
and financial guarantees.
Offsetting these factors are the company's fluctuating operating earnings, current limited operating profile and concentration in collateralized mortgage obligations
1990 through 1991: Collateralized mortgage obligations
, zerocoupon treasuries, high-quality corporate bonds
Eligible assets include residential and commercial mortgage backed securities (RMBS & CMBS), collateralized mortgage obligations
(CMOs), collateralized debt obligations (CDOs), asset backed securities (ABS), agency debt, municipal bonds, and U.