Future Flow Securitization:

A) Why would you want to create the SPV offshore in a place like the Cayman Islands when creating a future flow securitization?

B) What is the principal form of credit enhancement used in a future flow securitization? Are there any additional credit enhancements youve seen in the case examples that you can think of?

C) If you were an investor, why might you choose a credit card merchant voucher securitization over a remittance securitization?