What does tranche mean?
What does tranche mean?
“Tranche” is a French word meaning “slice” or “portion.” In the world of investing, it is used to describe a security that can be split up into smaller pieces and subsequently sold to investors.
What is a tranche of money?
A tranche is a common financial structure for securitized debt products, such as a collateralized debt obligation (CDO), which pools together a collection of cash flow-generating assets—such as mortgages, bonds, and loans—or a mortgage-backed security.
What is a tranche in project management?
Tranches. Another useful concept from the MSP standard is tranches—these are a group of projects structured around distinct step changes in capability and benefit delivery. The concept facilitates those programs whose total plan cannot be determined at the beginning.
What is a Programme board?
The Programme Board has a key role in supporting the Senior Responsible Owner in making decisions and providing both challenge and approval on issues affecting the progress of the programme.
What is a Programme definition document?
Purpose: This document is a summary of the definition of the programme, in terms of why it is needed, what it must achieve, its governance arrangements and how it will be managed. It will be used to inform the Transformation Programme Board’s decision whether or not the programme should be established.
What is a Programme brief?
The Programme Brief is an outline definition of what a programme is expected to achieve in terms of benefits, outcomes, scope and objectives.
What is a Programme management approach?
Programme management is the coordinated management of projects and business-as-usual activities to achieve beneficial change. A programme is a unique and transient strategic endeavour undertaken to achieve a beneficial change and incorporating a group of related projects and business-as-usual activities.
Why Is prepayment a risk?
Prepayment risk is essentially the risk that the mortgage-backed security buyer will receive, say, seven years of interest income at an agreed-upon rate, on top of principal repayment, instead of 10 years of such interest. Prepayment forces the buyer to reinvest the principal, often at a lower rate of return.
How do CDO tranches work?
CDO Credit Structure Initially, all the cash flows from a CDO’s collection of assets are pooled together. This pool of payments is separated into rated tranches. The ‘AAA’-rated senior tranche is generally the first to absorb cash flows and the last to absorb mortgage defaults or missed payments.
How many tranches are there?
Full break-up of all five tranches announced by FM Nirmala Sitharaman | India News,The Indian Express.
How are tranches rated?
The more senior rated tranches generally have higher bond credit ratings (ratings) than the lower rated tranches. For example, senior tranches may be rated AAA, AA or A, while a junior, unsecured tranche may be rated BB. Tranches with either a second lien or no lien are often referred to as “junior notes”.
How many tranche The stimulus packages are announced?
five tranches
How do you spell Traunch?
Wikipedia
- Traunch (noun) One of a series of allotments (of funds for a certain purpose).
- Traunch (noun) One set or portion of a series.
- Traunch (verb) To divide into parts or portions of a series (especially of allotments of funds).
- Traunch (adjective)
What is the purpose of economic stimulus package?
A stimulus package is a package of economic measures a government invokes to stimulate a floundering economy. The objective of a stimulus package is to reinvigorate the economy and prevent or reverse a recession by boosting employment and spending.