In auto loan ABS, the form of credit enhancement that most likely serves as the first line

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In auto loan ABS, the form of credit enhancement that most likely serves as the first line of loss protection is the:

A. Excess spread account.

B. Sequential-pay structure.

C. Proceeds from repossession sales

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Fixed Income Analysis

ISBN: 9781119850540

5th Edition

Authors: Barbara S. Petitt

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Question Posted: Nov 04, 2023 11:00 PM

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In auto loan ABS, the form of credit enhancement that most likely serves as the first line

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The answer is A Excess spread account An excess spread account is a reserve fund that is set aside t...View the full answer

Fixed Income Analysis

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