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TTIB
QuoteOriginally posted by: Koalawhat is TTIB for CMO??Two Tiered Index Bond.It's a cashflow constructed synthetically from mortgage pools. This sort of bond would be what you would call a "mortgage derivative" or support tranche of a CMO deal.What makes it "two-tiered" is that it may have an embedded cap and floor - most other CMO support structures may only have one embedded "option" type.
TTIB
Two Tiered Inverse Bondsthere is a lehman paper on this on the webhttp://www.investingbonds.com/assets/files/Leh ... ngCMOs.pdf