Question: Instructions: This section contains one (1) question worth 25 marks. Please answer same. Question 21 (25 Marks) a) What does structuring of a credit facility

 Instructions: This section contains one (1) question worth 25 marks. Please

Instructions: This section contains one (1) question worth 25 marks. Please answer same. Question 21 (25 Marks) a) What does structuring of a credit facility mean? (6 marks) b) Explain the concept of credit scoring and its advantages in lending? (6 marks) c) Explain the concept of a graduated payment mortgage instrument (6 marks) d) Briefly explain the factors that affect the monthly payments on a residential mortgage. (6 marks) e) Name one company, which is not a financial institution, that has operations in Jamaica which could benefit from the use of securitisation (1 mark)

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