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.
Citrix (NASDAQ:CTXS) aims to power a world where people, organizations and things are securely connected and accessible to make the extraordinary possible. Its technology makes the worldâs apps and data secure and easy to access, empowering people to work anywhere and at any time.