See Also: Option-adjusted spread (OAS)(money)
Option adjusted spread (OAS)(finance)
Option spread(money)
Spread option(money)
Spread option(finance)
Option spread(finance)
Load spread option(finance)
Load spread option(money)
Butterfly option spread(finance)
Out-of-the-money option(money)

Option-adjusted spread (OAS) (money)


Definition: [crh] (1) The spread over an issuer's spot rate curve, developed as a measure of the yield Definition: spread that can be used to convert dollar differences between theoretical value and market prices. (2) The cost of tDefinition: he implied call embedded in an MBS, defined as additional basis-yield spread. When addeDefinition: d to the base yield spread of an MBS without an operative call produces the option-adjusted spread.