programme for the issuance of mortgage-backed securities

'programme for the issuance of mortgage-backed securities' can also refer to...


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(PIMBS) (Bonds; UK).

A type of mortgage-backed issue using standard terms and conditions thus reducing securitization costs when repeating the same operation. The notes are called PIMBS 1, PIMBS 2, and so forth.


Subjects: Economics.

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