Performance Metrics
WAL
Also known as: weighted average life
status: draft
Weighted average life. The average time until principal is repaid, weighted by principal amount.
What to watch
WAL changes with prepayments, defaults, reinvestment, and amortization mechanics. Always model base, extension, and contraction cases.
Referenced in 55 topics
ABF as an asset class for portfolio construction playbooks Accessing insurance capital for originators playbooks Agency RMBS asset-classes Amortization and repayment mechanics Auto loans and leases asset-classes Basel III/IV capital treatment regulatory Bermuda and offshore insurance capital capital-sources BNPL receivables asset-classes Bridge / fix-and-flip asset-classes Broadly syndicated loan CLOs asset-classes Building your ABF pitch playbooks Captive insurance companies capital-sources Cash flow modeling accounting-valuation Cash operations and waterfall execution operations-lifecycle Cell tower and data center ABS (digital infrastructure) asset-classes CMBS (conduit, SASB, large loan) asset-classes Collateral analytics checklist appendix CRE CLOs asset-classes Credit analysis accounting-valuation Early-stage financing guide playbooks Education and vocational receivables asset-classes Enforcement and liquidation playbooks Equipment leases and loans asset-classes Evaluating portfolio quality and performance playbooks Home equity and helocs asset-classes How to benchmark your deal against the market playbooks Insurance ALM constraints capital-sources Insurance capital capital-sources Insurance-affiliated asset managers capital-sources Mark-to-model practices accounting-valuation Marketplace lending and fintech-originated asset-classes Middle market CLOs asset-classes Ongoing portfolio management operations-lifecycle Performance metrics accounting-valuation Personal / unsecured consumer loans asset-classes Portfolio valuation accounting-valuation Preparing your data room playbooks Pricing and relative value accounting-valuation Rating agencies counterparties Rating agency engagement for funds playbooks Recognizing distress early playbooks Risk factors documentation Small business loans (including SBA 7(a)) asset-classes Solar / renewable energy (PACE, PPA, solar loan) asset-classes Static pool analysis accounting-valuation Stratification analysis accounting-valuation Structuring deals for investor appeal playbooks Student loans (federal and private) asset-classes Term securitization (ABS/MBS) structures The economics of ABF for originators (worked examples) playbooks The originator's readiness assessment playbooks Timeshare receivables asset-classes Top capital provider mistakes playbooks Valuation methodologies accounting-valuation Your loan tape: what lenders actually look at playbooks