flyinggirl

for the comment: Some one is not satisfied with receiving money slowly at the pace that the PAC Bond receives. They want it faster. While another investor wants it slower.

do you mean PAC receives slowly and Z tranche receives faster? Z tranche is the guy who receives the slowest(at the end), why people buy z tranche?


again my question is not answered. why senior tranche needs additional money from z tranche? after all, the accrual interest will still be paid to z tranche, what 's benefit to senior tranche using z tranche?