Template:Repack programme - FWMD: Difference between revisions

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{{fwmdtt
{{fwmdtt|nickname=Repack Programme| imagetype=png| tagline= It’s exotic, it’s Caribbean, it’s transformative — but somehow just not that ''exciting'' any more. | documentation= Propectus, agreements, supplements, swaps, global notes, side letters galore. Most exciting part: [[limited recourse]]. Yes: ''that'' exciting.| docscore=2| amendability= Bugger all, because of the trust structure. What? You think the Trustee’s going to take a ''view''?|amendscore=7| collateral=Fully funded. Note is fully collateralised.| collateralscore =4| transferability= In theory unlimited: cleared, dematerialised bearer notes. In practice? Forget about it. No-one wants your home-made [[espievie]] notes.| transferscore =7| leverage= Not really.| leveragescore =3| frightometer= [[Cayman Islands|CAYMAN ISLANDS]] DUDE! In reality, depends what you put ''in it'', but mostly tame.| frightscore=5}}
|title=Secured [[limited recourse]] [[asset-backed]] [[medium term note programme]]
|nickname=Repack programme
|documentation=Propectus, trust deed, agency agreements, pricing supplements, swap agreements, global notes, side letters galore
|booklets=None but can pull in [[ISDA]] ones and you get them anyway through the [[swap]]
|customisability=Fairly, but delivery format pretty rigid
|amendability=Bugger all, because of the trust structure
|transferability=In theory unlimited, in practice forget about it
|tenor=Usually not worth getting out of bed for less than a year
|leverage=Some, but unilateral structure makes it hard in practice
|longevity=Been going since late 90s. Survived the GFC surprisingly well
|collateral=None. Fully funded.
|asset classes=Any, but the product will be [[debt]]
}}