{"id":179204,"date":"2021-05-05T04:23:00","date_gmt":"2021-05-05T08:23:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/glossary-terms\/companion-support-bonds\/"},"modified":"2023-01-22T13:31:02","modified_gmt":"2023-01-22T18:31:02","slug":"companion-support-bonds","status":"publish","type":"glossary-terms","link":"https:\/\/www.interactivebrokers.com\/campus\/glossary-terms\/companion-support-bonds\/","title":{"rendered":"Companion\/Support Bonds"},"content":{"rendered":"<p>A\u00a0Collateralized Mortgage Obligation that absorbs the prepayments from the\u00a0Planned Amortization Class (PAC)\u00a0and\u00a0Targeted Amortization Class (TAC)\u00a0tranches. Once the scheduled payments have been made to the tranches, any excess or shortfall is reflected in the companion tranche. Due to the higher degree of volatility of cash flow and a high variability of average life, holders are compensated with a higher yield.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A\u00a0Collateralized Mortgage Obligation that absorbs the prepayments from the\u00a0Planned Amortization Class (PAC)\u00a0and\u00a0Targeted Amortization Class (TAC)\u00a0tranches. Once the scheduled payments have been made to the tranches, any excess or shortfall is reflected in the companion tranche. Due to the higher degree of volatility of cash flow and a high variability of average life, holders are compensated with a higher yield.<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[13256,13251],"class_list":{"0":"post-179204","1":"glossary-terms","2":"type-glossary-terms","3":"status-publish","5":"traders-glossary-trading-terms-c","6":"traders-glossary-trading-alphabet"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Archives Term | IBKR Glossary | IBKR Campus<\/title>\n<meta name=\"description\" content=\"A Collateralized Mortgage Obligation that absorbs the prepayments from the Planned Amortization Class (PAC) and Targeted Amortization Class (TAC) tranches.\" 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