PPT Slide
For payment of periodic coupon interest:
interest to tranches A, B, and C 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 pay down. Disburse periodic interest to the IO tranche
based on the notional amount at the beginning of the period.