sequential-pay meaning in English

还本结构

In addition , the steps of creation of cmo tranches ( or pieces ) is also discussed . secondary , this dissertation quantitatively analyzes the cash flows of various cmo structures such as sequential - pay cmos ( spc ) , planned amortization class ( pac ) / supports , principle - only securities ( pos ) , interest - only securities ( ios ) , floarters and inverse floarters ( ifs )
其次，文章对cmo证券的各种结构现金流特性进行了定量分析，这些结构包括按顺序支付结构（ spc ）、按计划支付（ pac ） /支持类、付本证券（ pos ）、付息证券（ ios ）以及浮动与逆浮动证券（ ifs ）。