If an early payout occurs, class A
and B investors will receive principal on an accelerated schedule, along with monthly interest payments.
Under the available enhancement, class A
withstands a 65% decline in payment rates with chargeoffs increasing to over 25% and monthly purchase rate decreasing by 50% and still makes full and timely payments of investor principal and interest.
investors will receive monthly interest payments of one-month LIBOR, and class B investors will receive LIBOR + 0.
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.
Starting with the April 2000 distribution date, class A
certificateholders will receive portions of principal based upon a predetermined rate schedule.
is able to support a 35% decrease in yield, payment rates dropping in half and defaults increasing 5 times and still make full and timely payments to investors.
Including the subject transaction, there are currently 34 series of class A
notes outstanding, which includes the 'A' rated NOVA notes.
Under the current enhancement structure, the class A
certificates could sustain more than a 35% decrease in yield, payment rates dropping by one-half and chargeoffs increasing more than five times current levels and still make full and timely principal and interest payments to certificateholders by the series termination date.
The class A
(2006-6) 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.
27 /PRNewswire/ -- Citibank Credit Card Master Trust I's (CCIMT) $250 million class A
credit card participation certificates, series 1997-1, are expected to be rated 'AAA' by Fitch Investors Service.
NEW YORK -- Fitch assigns a rating of 'AAA' to the $500 million class A
(2006-5) card series notes issued by the Capital One Multi-asset Execution Trust (COMET).
Any A&A common shares not acquired in the tender offer (including shares to be issued upon conversion of A&A's Class A
and C common shares and related securities held by Canadian and United Kingdom shareholders) will subsequently be acquired in a cash merger for $17.
NEW YORK -- Fitch has assigned an 'AAA' rating to Capital One Multi-asset Execution Trust's ("COMET") $1 billion class A
(2006-4) card series notes.
NEW YORK -- Fitch has assigned an 'AAA' rating to the Capital One Multi-asset Execution Trust's ("COMET") $400 million class A
(2006-3) card series notes.