1. Explain the waterfall type i.e. priority of payments. 2. Calculate the Initial Pool Balance. 3. Find out all the Credit Enhancement types and the amount available to each tranche. 4. Using BOTE method to determine the Expected Loss to each tranche.

Class A-3 Notes Class A-1 Notes $70,680,000 6.1713% actual/360 9/23/99 9/23/00 Class A-2 Notes $89,300,000 6.5400% 30/360 9/23/99 7/23/02 Principal Balance:. Note Rate Per Annum: Interest Accrual Method: First Payment Date: . Maturity Date:. Anticipated Ratings: Moody's Standard & Poor's Fitch IBCA Duff & Phelps. $75,620,000 7.1200% 30/360 9/23/99 8/23/03 Class A-4 Notes $112,100,000 7.3200% 30/360 9/23/99 1/23/07 Class B Notes $13,300,000 8.4100% 30/360 9/23/99 1/23/07 Class C Notes $4,750,000 9.0000% 30/360 9/23/99 1/23/07 P-1 A-1+ F1+/AAA D-1+ Aaa AAA AAA AAA AAA AAA AAA Aaa AAA AAA AAA N/A N/A BBB BBB NA N/A BB BB Class A-3 Notes Class A-1 Notes $70,680,000 6.1713% actual/360 9/23/99 9/23/00 Class A-2 Notes $89,300,000 6.5400% 30/360 9/23/99 7/23/02 Principal Balance:. Note Rate Per Annum: Interest Accrual Method: First Payment Date: . Maturity Date:. Anticipated Ratings: Moody's Standard & Poor's Fitch IBCA Duff & Phelps. $75,620,000 7.1200% 30/360 9/23/99 8/23/03 Class A-4 Notes $112,100,000 7.3200% 30/360 9/23/99 1/23/07 Class B Notes $13,300,000 8.4100% 30/360 9/23/99 1/23/07 Class C Notes $4,750,000 9.0000% 30/360 9/23/99 1/23/07 P-1 A-1+ F1+/AAA D-1+ Aaa AAA AAA AAA AAA AAA AAA Aaa AAA AAA AAA N/A N/A BBB BBB NA N/A BB BB