Commercial Mortgage

This Issue in United States

Commercial Mortgage Backed Index (cmbx)

Concept of Commercial Mortgage Backed Index (cmbx) in the context of derivatives contract, by the International Swaps and Derivatives Association (ISDA): A credit derivative (i.e. an instrument that transfers risk from one party to the other) index which is referenced to 25 underlying CMBS bonds. There are five separate tradable tranches in each series and a new series is issued every six months. The index is based on the PAUG product.

Resources

See Also

• Derivatives Contract