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You are on vacation and did not open your account to see if you were paid on the BBB tranche of a cash waterfall instrument
You are on vacation and did not open your account to see if you were paid on the BBB tranche of a cash waterfall instrument you own. You know that you must have received your full payment if you read in the newspaper that:
The A tranche has been paid in full
There is no way to tell
The AA tranche has been paid in full
The BB tranche has been paid in full
Credit enhancement was triggered to pay the AAA tranche
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