Further, acollateralized mortgage obligation (CMO)is a complex type of MBS. Unlike a CDO, a CMO is based on MBS only. That means it can be hit particularly hard by interest rate changes, prepayments of debt, and mortgage credit risks.4 CDOs and CMOs are both...
Node 1 First break arrival time Node 2 First break arrival time Calibration phase relationship Remove phase blur Phase calibration based on arrival time of first break Initial phase difference information Calibrate phase difference information Phase difference information between nodes Phase information of ...