Use "tranche" in a sentence
tranche example sentences
tranche
1. 2 billion dollars – the first tranche of money he processed through his new
2. The fact that Arun Green had sold a tranche of shares to Murray & Roberts, based
3. and an initial tranche of one million Rand in development capital allocated to the
4. After my International Expose was released I gained the respect of several International Intelligence Agencies not to mention an inside track to many forensic auditors and a tranche of investigative reporters, all with impeccable track records
5. ” Again, Amanda made a minimal deposit in the toilet before claiming her next tranche of M&M’s
6. The subprime loans were hidden from view behind the complicated mathematical formulas that determined the payouts investors got from each tranche
7. After all, if this did not happen, the insiders would be left with a significant tranche of inventory bought at high prices, and not at wholesale prices
8. For the followers of the fundamental finance approach, the paper trail is excellent, as we noted above, for pointing to junior tranche securities that because of poor financial position or insider avarice are unattractive at any price
9. There is a large literature that goes beyond equities and focuses on implied default correlations based on collateralized debt obligation (CDO) tranche prices in liquid credit default swap (CDS) indices
10. Tranches are typically assigned credit ratings from AAA to BBB, except for the unrated, most junior (equity) tranche, which takes the first default losses; higher yield spreads compensate lower seniorities
11. Although the equity tranche is sometimes called “toxic waste” its losses are of a relatively benign nature—diversifiable and not concentrated in the most distressed economic scenarios
12. Increase in the perceived default correlations of constituents of a CDS index lowers the price of senior tranches and raises, at least in relative terms, the price of the junior (equity) tranche
13. Thus, for a given default probability a rise in correlation redistributes value from senior to junior tranches:• In the 2000s it became common market practice to quote a single estimate of implied correlation where the estimate was based on relative tranche prices and an assumed Gaussian copula model
14. Bearing systemic risk in the senior tranche warrants an extremely high market price of risk (because losses materialize disproportionately under terrible economic conditions), while idiosyncratic risk in the equity tranche deserves hardly any risk premium beyond expected default losses (because such losses are more diversifiable)
