CALAMITY CALL
A call feature of a Collateralized Mortgage Obligation (CMO) mainly intended to lessen the reinvestment risk of the issuer. If the cash flow produced by the underlying collateral is insufficient to hold the interest payments and scheduled principal, then the issuer needs to surrender a part of the CMO issue.
"Clean-up call" is another term for Calamity Call.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 08:00 | PPI | Jun | |
| 14:30 | Consumer Price Index | Jun | |
| 14:30 | Consumer Price Index Core | Jun | |
| 14:30 | Common Core CPI | Jun | |
| 14:30 | Trimmed Core CPI | Jun | |
| 14:30 | Median Core CPI | Jun | |
| 16:00 | Leading Index | Jun | |
| 00:45 | Consumer Price Index | 2 quarter | |
| 08:00 | Claimant Count Change | Jun |
