Notching

When rating agencies reduce their ratings on structured financial collateral based on ratings from another agency without rating the collateral themselves. Notching arises when collateral, such as mortgage backed securities (MBS), and other asset backed securities (ABS) are included within investment vehicles that are rated, such as collateralized debt obligations (CDOs).

A study by Greenberg Quinlan Rosner Research in early 2002 found that 67% of senior executives, working in structured finance, oppose the practice of notching, because they feel that it undermines competition. They feel that the two largest rating agencies employ notching to maximize their market share and undermine competition.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Notching — Notch ing, n. 1. The act of making notches; the act of cutting into small hollows. [1913 Webster] 2. The small hollow, or hollows, cut; a notch or notches. [1913 Webster] 3. (Carp.) A method of joining timbers, scantling, etc., by notching them,… …   The Collaborative International Dictionary of English

  • Notching — Notching. См. Протачивание. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • Notching — For Nocking, the fitting of an arrow to a bowstring, see Archery. Notching is a metal cutting process used on sheetmetal or thin barstock, sometimes on angle sections or tube. A shearing or punching process is used in a press, so as to cut… …   Wikipedia

  • notching — noun ( s) Etymology: from gerund of notch (II) 1. a. : the act or an instance of making notches : an act of cutting into small hollows b. : a …   Useful english dictionary

  • Notching — Notch Notch, v. t. [imp. & p. p. {Notched} (n[o^]cht); p. pr. & vb. n. {Notching}.] 1. To cut or make notches in; to indent; also, to score by notches; as, to notch a stick. [1913 Webster] 2. To fit the notch of (an arrow) to the string. [1913… …   The Collaborative International Dictionary of English

  • Notching — Кадрирование изображения, выделение сюжета электронными масками; Прорезание пазов; вырубка шлицев (напр. в корешке блока); Вырезание участков картонной заготовки перед склеиванием коробки …   Краткий толковый словарь по полиграфии

  • notching — Смотри Надрезка …   Энциклопедический словарь по металлургии

  • notching — nÉ‘tʃ /nÉ’ n. groove; V shaped cut; level, degree (Informal); pass between two hills or mountains v. groove; cut; make a notch in; score a point …   English contemporary dictionary

  • Notching of the ribs — (or rib notching) is a radiological finding where the surface of the rib is deformed. It can be characterized as unilateral or bilateral. It can also be characterized as affecting the upper or lower surface of the rib.It can be at the superior… …   Wikipedia

  • Notching press — Notching press. См. Механический пресс для надрезки. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

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