TY  - JOUR
AB  - A majority of the loan products produced by modern financial intermediaries (e.g., banks) provide borrowers with an option to prepay loans. The institutions issuing these products typically retain much of this prepayment exposure on their balance sheets. This article develops and applies a general framework to match funding to the prepayment‐sensitivity of assets, in order to preserve spread and achieve a more stable return profile.
VL  - 4
IS  - 3
SN  - 1526-5943
DO  - 10.1108/eb022963
UR  - https://doi.org/10.1108/eb022963
AU  - LIU SHIJUN
AU  - MOZER PETER A.
PY  - 2003
Y1  - 2003/01/01
TI  - Match Funding Prepayable Assets with Callable Debts Using Simulated Prepayment Bounds
T2  - The Journal of Risk Finance
PB  - MCB UP Ltd
SP  - 5
EP  - 26
Y2  - 2024/09/21
ER  -