Structural Risks: The legal structure of the transaction ensures the assets are isolated from any other assets owned by FAFC and the trustee, and also from the bankruptcy risk of FAFC and the trustee, so as to de-link the credit quality of the notes to that of the counterparties.
Experienced Servicer: FAFC, a subsidiary of an active global originator of auto-finance securitisation transactions, uses structures similar to those used by its US parent.
Fitch conducted a review of a small targeted sample of FAFC's origination files and found the information contained in the reviewed files to be adequately consistent with the originator's policies and practices and the other information provided to the agency about the asset portfolio.
Loan-by-loan data provided by FAFC as at 1 June 2018
A up tie with Exeter finally gave him another opportunity to showcase his talents and he didn't disappoint in either game.
" Newcastle played quite well at Watford in the FAFC
A up third round, but they lost the game narrowly after Troy Deeney's first-half goal Turn to Page 54 FROM BACK PAGE proved to be the difference.
Prior to the transactions closing, Fitch reviewed a small targeted sample of FAFC's origination files and found the information contained in the reviewed files to be adequately consistent with the originator's policies and practices and the other information provided to the agency about the asset portfolio.
Monthly servicer reports provided by FAFC as at September 2017
Experienced Sponsor: FAFC is the subsidiary of an active global originator of auto finance securitisation transactions, and uses structures that are very similar to those used by its parent in the US.
Fitch conducted a file review of 20 sample loan files focusing on the underwriting procedures conducted by FAFC compared to FAFC's credit policy at the time of underwriting.
The Magpies on the other hand, a club with a proud tradition of reaching 13 FAFC A up finals and lifting the trophy on six separate occasions, have never set foot on the hallowed turf of the modernised 'home of English football'.
Newcastle's captain, Fabricio Coloccini, has not started an FAFC A uptie since 2011 - that highlights how much of a secondary competition this has been viewed as by the club.