Menkul Kıymetler
hizli geri odemeli tahvil
İngilizce: fast-pay bond
Türkçe Tanım
Standart amortisman takvimlerine kiyasla hizlandirilmis bir sekilde anapara geri odemesi yapilacak bicimde yapilandirilmis, genellikle menkulkiymetlestirme nakit akisi siralamasinda ilk dilimi alan tahvildir. Daha dusuk sure riski tasir ancak buna karsilik daha dusuk getiri sunar. Daha kisa vadeli yatirim arayan yatirimcilara hitap etmek icin ipotege dayali ve varliga dayali menkul kiymetlerde yaygin olarak kullanilir.
English Definition
A bond structured to repay principal at an accelerated rate compared to standard amortisation schedules, typically receiving the first tranche of cash flows in a securitisation waterfall. Fast-pay bonds carry lower duration risk but offer correspondingly lower yields. They are commonly used in collateralised mortgage obligations and asset-backed securities to cater to investors seeking shorter maturities.