tranche
one installment in series one of a series of installments, used, for example, when referring to loans to companies, government securities that are issued over a period of time, or money withdrawn by a country from the IMF
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one installment in series one of a series of installments, used, for example, when referring to loans to companies, government securities that are issued over a period of time, or money withdrawn by a country from the IMF
The SPE issues securities backed by the collateral of receivables in the pool. Different securities (or tranches) issued on the same collateral pool may have very different risk characteristics, depending on how pool receivables are allocated to securities and depending on credit enhancements
By Tarun Sabarwal
A CLO is a bundle, or pool, of corporate loans made by a bank or a group of banks. Like CDOs, which were backed by mortgage securities and which are now regarded as a major toxic element in the crash, a CLO is a structured investment vehicle. It is divided into tranches of increasing risk
By Shahzada Omar Saeed
The Middle East is still the dominant region, with the main focus on the Gulf states, although there is increasing demand in other areas such as north Africa. But that balance may soon change. Beyond the Middle East and Asia, concession-holders and banks are starting to consider including Islamic financial tranches in their project finance structures, which would enable them to diversify their sources of funding by accessing Middle Eastern capital.
By Natalie Schoon
package further require Ukraine to move toward a flexible exchange rate, and limit the reduction of foreign reserves. Ukraine received the first installment of US$4.5 billion in November 2008, although the second tranche, due in February 2009, has been delayed until the IMF receives confirmation that the government has agreed a non-inflationary source of financing for its state deficit.
Definitions of ’tranche’ and meaning of ’tranche’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’tranche’ and other financial terms with our online QFINANCE Financial Dictionary.