Triggered Amortisation

This works only in structures that permit substitution (for example, assets such as credit cards). When certain preset levels of collateral performance are further collections are applied to repay the funding. Once amortisation is triggered, is stopped and the early repayment becomes an irreversible process. The triggered is typically applied in future flow securitisation.

Parties to a Securitisation Transaction

The parties to securitisation deal are (i) primary and (ii) others. There are three primary parties to a securitisation deal, namely, originators, special purpose vehicle (SPV) and investors, The other parties involved are obligors, rating agency, administrator/servicer, agent and trustee, and structurer.

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