March 18, 2016: ABS Manager Rankings
March 18, 2016, 9:09 a.m. EDT 1 Min Read
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The Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a final rule Tuesday that softens leverage demands for the biggest and most systemically risky banks and lowers the community bank leverage ratio to 8%.
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There is also a class N tranche of notes that make payment to those noteholders if funds are available after the overcollateralization.
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The transaction uses a shifting interest repayment structure, and its lockout that is subject to performance triggers.
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