Public Securities Association - PSA
- Public Securities Association - PSA
- The predecessor association to the Bond Market Association, which represents the largest securities markets in the world, the bond markets. The Public Securities Association was incorporated in 1976, and underwent a name change to the Bond Market Association in 1997 to better reflect its broadened constituency and membership.
The Bond Market Association represents a diverse mix of securities firms and banks, from large firms to niche specialists, with 70% of member firms having their headquarters outside of New York City. Its members collectively account for a significant majority of U.S. municipal bond underwriting and trading.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Public Securities Association — ( PSA) Former name for the Bond Market Association. See also PSA model. American Banker Glossary ( PSA) The trade association for primary dealers in US government securities, including MBSs. In 1997, they be … Financial and business terms
Public Securities Administration (PSA) — The trade association for primary dealers in U.S. government securities, including MBSs. The New York Times Financial Glossary … Financial and business terms
Public Securities Association Standard Prepayment Model - PSA — An assumed monthly rate of prepayment that is annualized to the outstanding principal balance of a mortgage loan. The PSA model is one of several models used to calculate and manage prepayment risk. The PSA model acknowledges that prepayment… … Investment dictionary
PSA — A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages. PSA is used primarily to derive an implied prepayment speed of new production loans, a 100% PSA assumes a prepayment … Financial and business terms
PSA — may refer to: PSA International (formerly Port of Singapore Authority), world s second largest port operator PSA Peugeot Citroën, French vehicle manufacturer PSA prepayment model, developed by the Bond Market Association (formerly the Public… … Wikipedia
PSA prepayment model — is a prepayment model by the SIFMA (Securities Industry and Financial Markets Association) formerly known as Public Securities Association or PSA that assumes increasing prepayment rates for the first 30 months of the lifetime and constant rates… … Wikipedia
PSA — Public Securities Association Ассоциация дилеров по государственным ценным бумагам (США) … Финансово-инвестиционный толковый словарь
PSA model — One of two standard models for describing the rate at which prepayments have been, are, or are expected to be received for mortgages and mortgage backed securities. The model assumes that borrowers are far less likely to refinance a new mortgage… … Financial and business terms
Bond Market Association — ( BMA) An industry trade organization for U.S. broker/dealers. Among other things, the BMA has developed standard documentation for repurchase agreement transactions and for describing prepayments received from MBSs. Formerly known as the Public… … Financial and business terms
BMA — Bond Market Association (BMA) An industry trade organization for U.S. broker/dealers. Among other things, the BMA has developed standard documentation for repurchase agreement transactions and for describing prepayments received from MBSs.… … Financial and business terms
