Extensionrisk is one of the risk factors of amortizable loan which can lead to the future cash flow and discount change.
延迟风险是抵押贷款的风险因子之一,导致未来现金流和贴现率发生变化。
2
In the United States, the fixed-rate, level-payment mortgage is the most popular way, which gives rise to extensionrisk, the focus of American commercial banks.
美国住房抵押贷款主要采用固定利率等额还款方式,因而利率上升带来的延展风险是美国商业银行关注的焦点;
3
Especially when interest rate rises, extensionrisk due to the action of delaying loan will force the financial institution to change its plan of investing and financing.