PPT Slide
For disbursement of principal payments:
- Disburse principal payments to tranche A until it is paid off
- After tranche A is paid off completely, disburse principal payments
to tranche B until it is paid off completely.
- After tranche B is paid off completely, disburse principal
payments to tranche C until it is paid off completely.
- After tranche C is paid off completely, disburse principal payments
to tranche Z until the original principal balance plus accrued interest