WEIGHTED AVERAGE

WEIGHTED AVERAGE

The weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue date; the balance of each mortgage is used as the weighting factor.

WHOLESALE DEBT MARKET

WHOLESALE DEBT MARKET

It is a market where institutional investors such as Banks, Financial Institutions, Mutual Funds, Insurers, Primary Dealers, Corporates, and Foreign Portfolio Investors,  participate in the trading of Government Securities and Bonds.