Question: Example of a Simple ABS Structure with 3.3% OC Using $150 Mil of Collateral Class A $100 Mil Class B $25 Mil Libor + 25

Example of a Simple ABS Structure with 3.3% OC Using $150 Mil of Collateral Class A $100 Mil Class B $25 Mil Libor + 25 Libor + .75 Class C $ 20 Mil Credit Enhancement $ 5 Mil Libor + 1% * What would the final principal paid to the B class be with $29 mill of losses? E

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