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Default: N/A
Notes: Select Only to see only offerings with this criteria, select N/A to do nothing with this criteria or select Omit to not include this criteria on any offerings returned.
Description: A type of credit derivative that is similar to a planned amortization class (PAC) in that it protects investors from prepayment; however, it is structured differently than a PAC. TACs protect investors from a rise in the prepayment rate or a fall in interest rates. They do not protect from a fall in the prepayment rate like PACs.