Translate:
English
Chinese (S)
Chinese (T)
Croatian
Dutch
French
German
Hebrew
Italian
Japanese
Korean
Portuguese
Russian
Serbian
Spanish
Swedish
Turkish
Additional
Option-adjusted spread
English Wikipedia - The Free Encyclopedia
Download this dictionary
Option-adjusted spread
Option-adjusted spread
(OAS) is the
yield spread
which has to be added to a benchmark
yield curve
to
discount
a
security
's payments to match its market
price
, using a dynamic pricing
model
that accounts for
embedded options
. OAS is hence model-dependent. This concept can be applied to a
mortgage-backed security
(MBS), or another
bond
with embedded options, or any other
interest rate derivative
or
option
.
See more at Wikipedia.org...
© This article uses material from
Wikipedia
®
and is licensed under the
GNU Free Documentation License
and under the
Creative Commons Attribution-ShareAlike License