Use: Select one of the options from the Other Category.
Default: N/A
Notes: Select Only to see only offerings with this criteria, select N/A to do nothing with this criteria or select Omit to not include this criteria on any offerings returned.
Description: The most basic type of REMIC, in which all tranches receive regular interest payments, but principal payments are directed initially only to the first tranche until it is completely retired. Once the first tranche is retired, the principal payments are applied to the second tranche until it is fully retired and so on.