solution to Strcuture Finance - from Creditsights

problems of current SF --opaque --misaligned incentive solutions covered bond backed by mortgages assets vs ABS --Assets stay in originators' balance sheet not in SPE (for ABS) so cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 incentives of originators and issuers are aligned, won't reduce originators' regulatory capital, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 loss of bonds can recourse to originators. Also incentives are aligned --no tanching like ABS, no prepayment because prepaid asset/collateral will be replace