Net Interest Margin Securities - NIMS

What Does It Mean?
What Does Net Interest Margin Securities - NIMS Mean?
A type of security that allows holders to access excess cash flows resulting from securitized mortgage loan pools.
Investopedia Says
Investopedia explains Net Interest Margin Securities - NIMS
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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