Tag: structured-finance
Concepts
- ABS CDOs and the 2008 Correlation Failure
- Auto Loan ABS and Loss Timing Curves
- Covered Bonds
- Credit Card ABS and Master Trusts
- Credit Enhancement, Subordination and Overcollateralization
- Excess Spread and the Reserve Account
- Interest-Only and Principal-Only Strips
- Performance Triggers and Early Amortization Events
- Rating Agency Criteria for Structured Finance
- Sequential vs Pro-Rata Principal Payment
- The Securitization Waterfall and Payment Priority
- The Servicer and Master Servicer Role
- The Special Purpose Vehicle and True Sale
- Tranche Thickness and Loss Allocation
- What Securitization Does and Why It Exists