Hi David,
This is a FRM 2008 graduate and a former and current subscriber to BT: do you know of an article or a XLS that illustrates how to price a bond whose coupon and principal are funded by pools of credit card receivables. The pools are tranched into senior, mezzanine and equity tranches. I am looking for some kind of a tutorial paper that illustrates this, even if it uses trivial sample data.
--sridhar
This is a FRM 2008 graduate and a former and current subscriber to BT: do you know of an article or a XLS that illustrates how to price a bond whose coupon and principal are funded by pools of credit card receivables. The pools are tranched into senior, mezzanine and equity tranches. I am looking for some kind of a tutorial paper that illustrates this, even if it uses trivial sample data.
--sridhar
