The initial credit enhancement for the Class A Notes will be 54.80% and will include a 1.00% reserve account
of the aggregate outstanding principal balance (i.e., sum of the initial pool balance and the balance of the expected prefunded collateral, which is funded at inception and non-declining); 8.60% OC of the aggregate outstanding principal balance; and subordination of 45.20% of the aggregate outstanding principal balance.
Keep an eye on how much is held in the escrow reserve account
to pay these taxes.
The bank also released second-quarter data that showed a current account surplus of US$7.56 billion, a US$13.7 billion increase in its financial account assets, and an increase of US$2.45 billion in its reserve account
Under the amended law, any surplus in the insurance against unemployment account will be transferred to the general reserve account
Financing proceeds will be used to pay off current debt, complete repairs and fund the reserve account
Transferring from the State's General Reserve Account
to a current account of the Ministry of Finance.
The SEC investigation found that Merrill, instead of putting customer cash into a reserve account
, used it for "complex options trades that lacked economic substance and artificially reduced the required deposit of customer cash in the reserve account
" while financing its own trading activities from 2009 to 2012.
A statement from the bank said that all of the profits would be turned over to the Holy See, with none being placed in the institute's reserve account
This increase will be made by incorporating the special investment reserve account
(investments within the company) for an amount of 11.2 million dinars and by drawing 800,000 dinars from the special investment account available.
MRCB Southern Link will have to draw down the Junior Sukuk Special Reserve Account
BG (of MYR 20.43 million) by end-2015 to provide the Company with temporary liquidity respite."
Furthermore, the National Audit Office has completed the audit of Future Generation Reserve Account
for the year ended 31 December 2013 according to the requirements of its law no.