The index amortizing feature of class A
does not affect credit enhancement levels, since deterioration of the magnitude described above would result in immediate accumulation or distribution of principal.
A multiple issuance series consists of class A
, B and C notes, and retained class D variable funding notes, with subclasses that may be offered independently and have differing terms, issuance dates and maturities.
The 'AAA' ratings expected to be assigned to the class A certificates will be based upon the quality of the receivables pool, currency swap provided by Deutsche Bank AG, NY Branch, available credit enhancement, experienced servicing of Greenwood Trust Company and the solid legal and cash flow structures.
This available subordinated amount covers shortfalls allocated to class A and not paid by excess finance charge collections.
Greenwood has the option to allocate collections on a floating basis, which would require enhancement levels to be increased to 13% for class A.
The class A
(2006-2) notes will receive payments of principal and interest pro rata with other class A
's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
0 billion deutsche marks (DM) floating-rate class A credit card participation certificates, series 1996-3 are rated 'AAA' by Fitch.
The 'AAA' rating assigned to the class A certificates reflects the quality of the receivables pool, interest rate swaps provided by Citibank (Nevada), N.
Series 1996-3's cash flow structure accommodates interest rate swaps with Citibank (Nevada) and Citibank (South Dakota) for the benefit of class A certificateholders.
NEW YORK -- Fitch assigns an 'AAA' rating to $500 million class A (2006-1) card series notes issued by the Capital One Multi-Asset Execution Trust (COMET).
The class A (2006-1) notes will receive payments of principal and interest pro rata with other class A's outstanding based on the stated principal amount of each outstanding series of notes in that tranche.
Even when considering the prospect of a class, the metaphor for learning which she is using and expressing is that of participation as opposed to thinking of the class as
a means of acquiring knowledge from an expert teacher.