An advantage of pooling receivables is the ability to offer debt instruments with varying degrees of risk and return. Instead of passing the average monthly payment of 100 homeowners to 100 bondholders, the bonds can be divided up into risk tranches.
DEFINITION of 'Toronto Stock Exchange - TSX'. The Toronto Stock Exchange (TSX) is the largest stock exchange in Canada. It was established in 1852 and formally incorporated in 1878. The exchange is headquartered on Bay Street in Toronto; it is owned and operated by the TMX Group. TMX is owned by Maple Group Acquisition Corporation.
Twix is a chocolate bar made by Mars, Inc. , consisting of biscuit applied with other confectionery toppings and coatings (most frequently caramel and milk chocolate). Twix bars are packaged in pairs, although smaller single bars are available. Cookies-n-Creme Twix (1990), cookies and cream filling in place of the Caramel. 2  The bar wrapper contained a maroon (or dark red) 'Twix' logo. 3  Released at the same time (only in the US) as Chocolate Fudge Twix. 4  Advertisements appeared in magazines with them both together during 1990.