Glossary

Mortgage participation certificate

Mortgage Participation Certificate (MPC) is a registered security certifying its holder’s share in ownership rights to a mortgage pool; the right to proper management of the mortgage pool by the issuing entity; the right to funds obtained as receivables on the mortgage pool, as well as other rights provided for by the Federal Law No. 152-FZ "On Mortgage-Backed Securities" dated November 11, 2003.
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