Future Flow Securitization:
A) Why would you want to create the SPV offshore in a place like the Cayman Islands when creating a future flow securitization?
B) What is the principal form of credit enhancement used in a future flow securitization? Are there any additional credit enhancements you’ve seen in the case examples that you can think of?
C) If you were an investor, why might you choose a credit card merchant voucher securitization over a remittance securitization?