Io

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Related to Interest-only strip: IO Strips
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(Greek mythology) a maiden seduced by Zeus

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3 million gain on sale of an SBA interest-only strip security in the 2011 first quarter.
The interest-only strip accounting review involved the discounted cash flow model used to estimate the fair value of interest-only strips, which represent the present value of excess servicing income expected to be received in connection with securitized loans.
In addition, the Company realizes revenue streams in the form of interest accretion on our interest-only strips.
Realized (gain) loss on Agency Interest-Only Strips -- accounted for as derivatives
The following table reconciles total interest income to interest income including interest income on Agency and Non- Agency Interest-Only Strips classified as derivatives and interest income on linked transactions prior to January 1, 2015 (Non-GAAP financial measure) for the three and six months ended June 30, 2015 and June 30, 2014:
Innovative financial instruments and transactions--such as interest rate swaps and caps, foreign currency options, interest-only strips, asset securitizations and many more--have become commonplace and are changing the role of traditional instruments such as loans, bonds and stocks.
For the quarter ended December 31, 2014, average amortized cost of MBS, other securities and whole-loans held, including Agency and Non-Agency Interest-Only Strips accounted for as derivatives and linked transactions, was $4.
New standards are added for the treatment of residual interests, including a concentration limit for credit-enhancing interest-only strips.
Key to the plan is the transfer of more than $40 million in interest-only strips receivables from the thrift to the parent company, which is not regulated by FDIC.
On January 19, 2005, the company reported fourth quarter earnings and for the first time warned of potential trouble with its hedging strategy against interest rate changes through its use of a derivative portfolio of interest-only strips ("IO Strips").
For the quarter ended September 30, 2014, average amortized cost of MBS and other securities held, including Agency and Non-Agency Interest-Only Strips accounted for as derivatives and linked transactions, was $4.
The final rule also imposes a "dollar-for-dollar" capital charge on residual interests and a concentration limit on credit-enhancing, interest-only strips, a subset of residual interests.
For the quarter ended June 30, 2014, the average amortized cost of MBS and other securities held, including Agency and Non-Agency Interest-Only Strips accounted for as derivatives and linked transactions, was $4.
Retained interests, including interest-only STRIPs receivable, arise when a selling institution keeps an interest in assets sold to a securitization vehicle that, in turn, issues bonds to investors.