2007_Subprime_Shorting-Home-Equity-Mezzanine-Tranches-1
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Footnote Exhibits - Page 0997
Strictly private & confidential
Available funds cap: definition
* Maximum net WAC caps the coupon paid to bondholders
* Net WAC is gross WAC minus
- Servicing fee
- Trustee fee
- Insurance premium (if any)
- 10 payment (if any)
" Designed to prevent bonds from defaulting because interest mismatch (as opposed to
collateral performance)
" Capped-out amount is carried forward and may be recouped in the next month
Deutsche Bank /
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.
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