4. What is the rationale for the convention, in certain transactions, of matching interest inflows to interest

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4. What is the rationale for the convention, in certain transactions, of matching interest inflows to interest outflows and principal inflows to principal outflows, the so-called “specified waterfall?” Please discuss the rationale and the justification for this practice.

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Elements Of Structured Finance

ISBN: 9780195179989

1st Edition

Authors: Ann Rutledge, Sylvain Raynes

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