2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
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Footnote Exhibits - Page 0994
Strictly private & confidential
Subordinate bonds act as cushion against
losses
I
I
In a senior-sub structure, in each period, senior bonds have the priority in
- Interest payments
- Principal payments
Sub bonds' interest payment may or may not have priority versus senior bonds' principal
payments
0
Deutsche Banik
All numbers shown in this presentation are indicative and are based on a sample portfolio. Actual numbers will be
different and will depend on the actual portfolios selected.
70
00
00
00 j
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