Net Interest Margin Securities - NIMS

A type of security that allows holders to access excess cash flows resulting from securitized mortgage loan pools.


Excess cash flows from the securitized mortgage loan pools are transferred to a trust account through a NIMS transaction. From this trust account, investors of the NIMS receive interest payments.



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Related Terms

Collateral

Collateralized Mortgage Obligation

Commercial Mortgage Backed Securities

Mortgage Backed Securities

Structured Finance

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