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Net Interest Margin Securities - NIMS
What does it mean?
A type of security that allows holders to access excess cash flows resulting from securitized mortgage loan pools.
In Other Words...
Excess cash flows from the securitized mortgage loan pools are transferred to a trust account through a NIMS transaction. From this trust account, investors of the NIMS receive interest payments.
Related Links
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Related Terms
Collateral | Collateralized Mortgage Obligation | Commercial Mortgage Backed Securities | Mortgage Backed Securities | Structured Finance
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