excess spread การใช้

• The excess spread must be large enough to offer the potential of attractive IRRs to the equityholders.
• Conflicts of interest can also arise with senior note holders when the manager has a claim on the deal's excess spread.
• This so-called " excess spread " is the difference between the amount the credit-card accounts in a pool produce in revenue and what they owe, and is a measure of the health of the bonds.
• But huge mass excesses spread over very long distances do not show up well at all _ the map does not make clear, for instance, that the midocean ridges rise 10, 000 feet or so above the surrounding abyssal plains.
• Typically, payout events include insufficient payments from the underlying borrowers, insufficient excess spread, a rise in the default rate on the underlying loans above a specified level, a decrease in credit enhancements below a specific level, and bankruptcy on the part of the sponsor or servicer.