Contract analysis
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Contract analysis / structural-diagram-cashflow-schematic.pptx
structural-diagram-cashflow-schematic.pptx
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Standard · 3
1. Trustee fees and expenses ($35,000/yr + $5,000 per payment date)
Standard
⚑ Commercial term
1. Trustee fees and expenses ($35,000/yr + $5,000 per payment date)
2. Servicing fee (1.00% p.a., ~$510,000/month at initial pool) and back-up servicer fee ($
Standard
⚑ Commercial term
2. Servicing fee (1.00% p.a., ~$510,000/month at initial pool) and back-up servicer fee ($12,500/quarter)
3. Class A interest → 4. Class B interest → 5. Class C interest
3. Class A interest → 4. Class B interest → 5. Class C interest
6. Class A principal → 7. Class B principal → 8. Class C principal (each until paid in ful
6. Class A principal → 7. Class B principal → 8. Class C principal (each until paid in full)
9. Replenish OC to target → 10. Residual to Issuer (retained by sponsor)
Standard
⚑ Commercial term
9. Replenish OC to target → 10. Residual to Issuer (retained by sponsor) [slide 10] Eligible Receivables Criteria Originated by QPF in the ordinary course; USD-denominated Secured by unearned premium refund rights from a U.S. commercial policyholder Original term ≤ 12 months; not more than 60 days past due Compliant with all applicable state usury and premium finance licensing laws Concentration limits: single obligo