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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Related Book For
Elements Of Structured Finance
ISBN: 9780195179989
1st Edition
Authors: Ann Rutledge, Sylvain Raynes
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