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Specific tranches typically come from tranches where the VQSLOD score changes by small amounts even as the tranche percentage is decreased, and sensitive tranches are typically a non-negative VQSLOD score tranche that is more inclusive than the specific tranche.
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They have truanted away or been excluded from vast tranches of their secondary education and often all the latter part of it.
The $36 million that will be released had been withheld from previous tranches.
The next level of security packaged a bunch of tranches from different deals and sold securities based on those assets.
Applications can be made immediately through the website to register interest, and those chosen will be notified in three tranches from April.
In a final twist, some of the lowest tranches from this new instrument were spun into still another product, and once again some of the lower tranches were upgraded.
Instead, it picked a bunch of tranches from previous securitizations — tranches that no one involved in this deal had to own — and fashioned a new securitization in which one set of investors bet those securities would work out and another set bet they would not.
Synthetic CDOs are built on swaps: the CDO vehicle insures a portfolio of bonds, doles out the premiums to investors and then deducts capital from the riskiest tranches when defaults occur.
This transaction brought Fininvest Roma's share capital to exactly 18 billion lire, all paid up.In effect, a convertible bond of 500m lire and 16.94 billion lire in shareholder loans―received by Fininvest Srl, according to Mr Dal Santo's information, in 25 tranches from February 1977 to August 1978―were recycled in December 1978 as fresh share capital for the 19 holding companies.
Moody's had downgraded the ratings of 163 tranches from 15 transactions issued by Bear Stearns ALT-A Trust.
Moody's placed 325 tranches from 144 Australian residential mortgage-backed securities transactions on review for a possible downgrade.
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