Personal banking

Personal banking

Referring to the business when banks carry out transactions with customers directly, rather than with other banking institutions or with large corporations.

Industry: Banking

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Personal banking

A duration measure that does allow for changes in cash flows as yields change A variation of effective or empirical duration. Option adjusted duration incorporates the expected duration-shortening ...

option-adjusted spread (OAS)

Banking; Personal banking

(1) A measurement of the return provided to an investor from a financial instrument that is either an option or that includes an option. The option-adjusted spread calculations break up a security ...

option risk

Banking; Personal banking

The risk that a change in prevailing interest rates will lead to an adverse impact on earnings or capital caused by changes in the timing of cash flows from investments. Cash flows may be received ...

original face or original face value

Banking; Personal banking

The amount of the difference between the par or redemption price and the price of the security at the time of its original issue. Issuers can issue securities with OID as an alternative to making ...

other comprehensive income (OCI)

Banking; Personal banking

A term defined by FAS 130. FAS 130 identifies three components of other comprehensive income

out of the money

Banking; Personal banking

The situation where an option has only time value as opposed to intrinsic value because of the relationship between the option's strike price and the current market price for the underlying ...

over collateralization

Banking; Personal banking

A type of credit enhancement used in some asset backed securities and some private mortgage backed securities. The principal amount of the collateral pledged for a given security exceeds to the ...