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Cusp

• Is a term which indicates the at-the-money level or current coupon issuance rate for securities. It tends to be used more frequently in the mortgage backed securities business. Also, it is used in options to indicate highly sensitive derivative statistics.

 
 Embedded terms in definition
 Coupon
Current coupon
Derivative
Mortgage backed securities
Mortgage
Options
Securities

<< Cusip Custodial fees >>

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