PPT Slide

Payment rules

For payment of periodic coupon interest:

• Disburse periodic coupon interest to tranches A, B, FL, and IFL

on the basis of the amount of principal outstanding at the beginning

of the period.

• For tranche Z, accrue the interest based on the principal plus

accrued interest in the preceding period.

• The interest for tranche Z is to be paid to the earlier tranches as a

principal paydown.

• The maximum coupon rate for FL is 10% ;

the minimum coupon rate for IFL is 0%.

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