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~ Goodie', That ?' Is A Great Question ~
"From whom and when do you expect your JR's to be paid?"
From Whom' ? ... definitely, From JPMC'
Re; When' ? ... When WMB completes it's Transition to JPMC'
... (If You were to ask me my own opinion ?' of what is to come regarding my own WMB Fixed Income Securities Held, ?' ... Class 17 (both, a&b) will be completed in the same fashion as Bear Stearns' was actually handled) ...
Those Original WMB Noteholder Supporting "Trusts", were, and continue to be, obviously "Performing" and quite powerful
AZ
~ NewFlow, Again 100% Correct ~
The "WMI Estate"', at the reorganization, distributed that $350 million dollar (ish') payment, to Class 17A in the form of Liquidation Trust Interests, referred to as LTI's' ...
These settlement returned funds, which were returned to the actual litigators', the 120 accredited investors that fought the legal battles', were aligned with their "fees and expenses" they had expended within the WMIIC / WMI Litigation' ...
This is all documented in an SEC Filing, revealed in April of 2012', ... AFTER ... the Plan 7 Implementation Date' ... part of the funds were immediate and part were referred to as a "hold back" as the D.C litigation continued'
AZ
~ Goodie', Simply Put ?, NO ~
I can get very technical if you like', ? ... but as I stated, after the March 2012' reorganization of WMIIC / WMI ?, and, the security of my owned released (class 19's, class 21's and class 22's) participations properly showing' in my accounts' ?, ...
while I began seriously adding "newco" shares at the 50 cent ratio back in 2012', ... I ALSO' began seriously studying the WMB Fixed Income Debt, as the D.C. "dual tracking litigation" obviously continued' ...
... So, not to bore you', ... But, the answer again is NO' ...
AZ
~ NewFlow, Yes I Agree ~
These issues are seriously intertwined', ... that's for sure ...
AZ
~ Well, NO to be 100% Factually Accurate ~
I spent a lot of time on the WMB Debt Issue, as I have said over the years, ... (actually it was Nate Thoma's testimony in front of Judge Walrath that originally peaked my interest)
Anyway, ... The WMB Fixed Income Securities, are supported by the Original WMB Noteholder Program' ... issued out of the UK' (London to be specific) ... and an Original participation value of $22 Billion Euro's' ...
(WMI actually explains in detail, the WMB Noteholder Program within its own SEC Filings, I found it to be an amazing process')
With WMI' being a multinational' as well as it's proper registration as a "Holding Company", ... NOT A', ... "Bank Holding Company" ...
The European Noteholders, told the SEC and the FDIC to "go pound sand", and that they were not subservient to their legal opinions' ...
... Obviously, the WMB Bank Noteholders were ultimately correct, ... (120 Institutional Investors World Wide' with only 1' hold out) ...
JPMC' when ? it finally receives full ownership of the bank, WMB' ... JPMC will also will acquire the management of the Original Supporting WMB Noteholder Trusts', and JPMC will be responsible to the WMB Noteholders' ... NOT the WMIIC / WMI Estate' ... or, ... WMIH-Corp, ... or, ... the FDIC-C or the FDIC-R' ...
AZ
~ Tranche 5' Class 17' WILL NOT Be Paid Twice' ~
... Tranche 5' Class 17' are the WMB Bank Notes' ... and', for anyone NEW' ? ... WMB the bank' is to go to JPMC' ... just not quite yet is all'
I studied them, and so I "chose" to own and accumulate as many of them as possible, which I might say was no easy task', ...
My own' accumulation of WMB Fixed Income Debt, began beyond the March 2012' reorganization' ... WMB Debt' was still very difficult, but reasonably available on the secondary
The "D.C. dual tracking litigation continued beyond the March 2012' reorganization of WMIIC / WMI, ... and so, purchases of the WMB Fixed Income Debt' were still difficult, but were possible' ... (I hold the proof in my own accounts) ...
Once the March 2016, PR' went public, ... referring to the, The WMB Bank Noteholders' being the actual, ... "ad-hoc Steering Committee" within the D.C. Litigation, ... any additional accumulation became impossible' ...
AZ
~ NO', The LT' DOES NOT Control' What WMI' Wasn't Able To ~
... The WMI-LT was merely been put into a position to be Court assigned to "manage" the financial returning result', ... on behalf of the Estate'
(A&M, performs this Cash management function on behalf of the Estate)
Once the described in detail, Washington Mutual, Inc., ... "Securitization" ... process formed an, ... "ABS-Cert", ... which were packaged into, ... "Performing Trusts", ... ALL WMI' was able to do, was benefit from their prospectus defined performance requirements' ... aligned with their "Cash" returning benefits' ...
AZ
~ Roach, ALL Tranche Defined Classes Were "Capped" ~
... ALL Classes' were "Capped" to an available financial return aligned with their own producing support' ... yes, a poor choice of words' imo, ... but choosing poor descriptives is something to be expected' ...
... Tranche 6 ? is no different' ... "other than" ... the obvious confusion caused by the 75% / 25% distribution ratio's which are ONLY' applicable to anything remaining in the LT' ...
AZ
~ Dmdm, "Functioning Trusts" ARE NOT Able To Be Owned' ~
... Which makes the following quote from "bopfan" 100% NOT' correct ...
=====================================================
"which means some WMI entity owned them"
=====================================================
The OTS' Balance Sheet from 06/30/2008 is actually correct, ... The Balance Sheet is just being poorly' represented' ...
"due to the fact" that the foundational information is initially being misunderstood ? ... so goes any validity to the result' being presented' ...
AZ
~ Yeppers, These One Dimensional Views Are “Cute”, ~
... But truly nothing more’, ... when referring to the discussion forums, self professed legal minds ? ... the word “conflicted” always enters into my own views, ... definitely not word descriptions such as, competent, or honest, ... or, ... “Honorable”, ... ?, hmmm’
At Plan 7’s Implementation in March if 2012’, ... NO ONE could have predicted the eventual litigation result of the Original WMI Action, the D.C. “dual track” going on in Judge Collyer’s Court, ... which ultimately, Just recently, in August of 2016’ lead to ... ”Globic”, ... with the WMB Bank Noteholders, as the ad-hoc “Steering Committee” ...
AZ
~ YES’, Everyone Will Get Major Cash’, ~
... ALL things associated with anything originally, ... WaMu’ ...
AZ
~ Explain, Just Exactly HOW’, You Are Doing That ? ~
... How are you in control of any of the relevant process moving forward ?, ... with any of this ? ... by posting thoughts and views, here and other areas ?
Nope, Not Hardly ... the Best Anyone of us’ Can Do, ... Is try to understand what they originally had planned ?, ... and now that we are involved, ... will also benefit from ...
AZ
~ JJ, ~
Tracking Markers are determinative to the Individual Class of Security’s ... as, Release’ Submitted ... (as currently, they would be showing, as being segregated in ones account), ...
Then consider what they originally were ? and what they currently continue to represent, ... or are, ...
Yes, ... much of this after all of this time, now present tense is ... “Cash”, ... option arms, helocs, etc,
... IF’ ? ... Someone has CHOSEN to own Class 17’s ?, ... those fixed income WMB securities (the WMB Notes) are aligned with WMB’, ... which, WMB hasn’t been removed from the Original WMI Consolidated Taxing Group, ... Not Quite Yet’, ...
... IF’ ? ... Someone CHOSE to own and release Class 19’s ?, ... then yes’, ... those released securities are aligned with the functioning Preferred Offering ... now ?, ... yes, a lot of Cash’
... IF’ ? ... Someone CHOSE to own and release Class 21’s ?, ... those were Plan stipulated to be a WMI Class 12’ recipient, and are now completed ...
... IF’ ? ... Someone CHOSE to own and release Class 22’s ?, ... those common shares released depicted a true ownership of the original parent corp, ... which actually owned everything ...
Anyone that missed or has purposely disregarded, ... the D.C dual tracking litigation, ... is obviously ... LOST’, and CONFUSED, ... (and their presence here ?, ... is obvious)
AZ
~ WHY, Don’t YOU Show Me ? ~
Just show me, ... One single “Trust”, that is or was, involved within ? or included within ?, ... Plan 7’s Approved Reorganization ?, ...
... Show Me One’, ... Just ONE ...
... You were misled by professionals, ... and just because you want something to be true ?, ... doesn’t make it so, ... that’ ?, is nothing more than, wishful thinking ...
Snap out of it’, ... you’re dealing with hedge funds, private equity, institutional investors, ... and obviously a purposeful propaganda machine ... past and present tense’, ...
AZ
~ Then Stop Posting ?, And I’ll Believe You ~
... then why aren’t you, ... just waiting and seeing ?, ...
... Not Me’, ... But I’m not going to ... STOP’, ... participating, ... NO MORE 1st Quarter of 2012’s nonsense ... Will Be Allowed ...
I’m going to keep the pressure on those that originally wanted us ... gone’, ...
AZ
~ ItsMyOption, Thank You - YES’ - ~
... Yes, you are a TRUE Investor ... I truly appreciate you taking the time to consider the actual process, ... as it occurred ...
AZ
~ Well, ? Respectfully ?, You Are Wrong ~
... None of the Performing Trusts’, ... were subservient to the WMIIC / WMI’ ... Plan 7 Approved Reorganization ... or, ... obviously aligned with the WMI-LT propaganda machine ... read an LT QSR, ... or not
I don’t know how many ways to say the same thing, over and over and over again, ... but ... after all of this time, I would think that a curiosity beyond these discussion forums would take precedence for ones investments ? ...
... maybe not’, ...
I’m simply trying to help those that continue to be concerned regarding the truth and process moving forward ...
Need Validation ? ... how many links would satisfy someone that won’t read them, ?
WMI’s Noteholder Program ? (its in their SEC Filings)
WMI’s “Securitization Process” ? (same answer)
WMI’s Preferred Offering ? ... (quite easily found)
Trust’s and Process ? ... (they are everywhere) ...
Ahhhh, ... But none of the financially relevant information is here’, ... unless an honest researcher, ... takes the time to present ... IT’, ...
... So, ? ... Post Awaaaaaaaay’, ...
AZ
~ Hmmm, Just More Guessing ? ... Typical’ & Expected ~
... Original purchased, and then Released Class 19’ Tranche 6, Preferred ... “Tracking Markers”, ... which one received for a ... Separate “P” or “K”, ballot submission, ... currently held separated in ones account’, ... ARE NOT ... “capped”, ... that is simply more made up nonsense and guessing ...
... However, ...
... Original purchased, and then Released Class 19’ Tranche 6, Preferred ... “Tracking Markers”, ... which one received for a ... Separate “P” or “K”, ballot submission, ... currently held separated in ones account’, ... ARE LIMITED to a return aligned with their own Specific Original Support, ... The Original WMI’ ... “Preferred Offering”
AZ
~ it's not a fair fight ~
pickin' on kids' isn't cool, ... that's why I don't argue' about what can easily be researched after what, now 9 years since the WaMu seizure ?, ... and 5 plus years since the reorganization into WMIH-Corp ?,
... they'll either get it eventually, or not ... everyone doesn't get to win' ... and everyone doesn't get a "money" trophy just for showin' up ... LOL'
AZ
~ Hey Johnny, It's Been Awhile' Hope You Are Doing Well' ~
... Oh yeah, ... definitely' ... Now that Globic is completed, ... ALL' of the associated Trusts', have had their performing restrictions removed ... NOT only the Deutsche Bank Trusts' ... ALL of them'
Long Beach was a segregated unit, so nothing exciting there to consider concerning us', in my opinion, ... however' ...
WaMu Capital Corp, as WMI's dealer broker unit, provided participation on the secondary market, aligned with WMMSC and WAAC' and other's ... and many of those WMMSC and WAAC Trusts are listed in DB's attachment' ...
BUT' ... there's more, much much more, ... there are also the the Preferred Offering Trusts to consider, Commercial Capital Bancorp, the Noteholder Program, ... not to mention private offerings, ... etc, etc, etc, ... and my favorite, ... WaMu's piggy bank, WMI Investment Corp.
Yes, WaMu was a financial monster that was a participant in all things that could generate money', ... at every level' ... and began to pull in the reins in 2006 aligned with it's percentage of investment allowances' ... Basil ... now, as of January 2017' amended to Basil III' ...
ADDED:, ... for every $5.00 in CASH, on Hand', ... an investment multiple of 15' is ALLOWED' ... (it's a beautiful thing)
AZ
~ That's Fine, The LT Can Not Control What WMI Did Not ~
Washington Mutual Inc. didn't and wasn't able to own any of the Trusts' ... No One Could' ... The Trusts are financial instruments that were participated in' ... and they performed for the benefit of all that participated within them' ...
Everyone is allowed their opinions regarding their investments' ... and, its obvious that hardly anyone has taken the time to actually understand what Washington Mutual, Inc. did as a functioning financial monster' ...
I still doubt that there is more than a handful of people that have taken the time to study, WMI's process of securitization, into abs-certs, converting them into Cash providing Trusts', ... and then, ... actually taking the time to review a few of the over 300 plus pooling and servicing agreements' ...
... Yep, ... maybe validation on a mb' is important to a few', ... it's a big world, lots of unusual, ... but when it comes to WaMu, and WMIH-Corp ?, ... it's always been about massive amounts of Cash' ...
I choose to believe that there has been to much focus on this LT' propaganda machine, ... slick' ...
AZ
~ Watch The newco', It's The "Tell" ~
With the Plan 7', "reorganization" completed, and the "D.C. dual tracking litigation" now finalized with the "Globic Settlement"' ... Now ?, WMIH-Corp's forward movement will be the evidence that we' needed to see, revealing that the "Trust" supported, dividend return process is finally beginning' ...
WMIH-Corp (the reorganized WMI), Owns 100% of the Equity Interest in WMI Investment Corp., NOT' the shareholders', ... WMI shareholders released to receive their own percentage of participation and ownership of the benefit returns to the parent corp.' ... Class Defined by receipt of your Tracking Markers' ...
... Back in 2009' ?, a 10th grade typing class took the bus to Delaware and has been confusing people out here' ever since', ... (body language, nuance of the room, mr cat goes to delaware, ?, palleeez' nothing but kid stuff) ...
Sorry people, ... the 75% / 25% distributions are restricted to only what the WMI-LT actually has control over', ... NOT ANY of the Supporting Trusts' or NOT ANY of the Original Debt Offerings', ... Read an LT's QSR, there's a bunch of them ...
When relevant ?, The LT functions as a Pass-Through mechanism only, as has already been done with the Class 21's ...
Everyone, get ready for the reality that the massive amounts of the original "Trusts" will begin to provide', as the "Trusts" begin to function once again ...
Enough of the nonsense', ... It's time to make some money', along with the hedge funds, private equity, and the institutional investors' ...
AZ
~ Everyone' Should Review A "Trust" Prospectus ~
After all, it has been some 9 plus years' since the seizure of WaMu, and some 5 plus years' since the Approved Plan 7's Implementation' ... (that's plenty of reading time for anyone, right ?)
... Otherwise, ? ... these circular mb' conversations, based in obvious confusion will simply continue' ...
There are hundreds of Trusts' listed on the SEC site' that are quite easily accessable to those that are actually interested' in their own financial recovery possibilities' ? ... (or ? maybe that's not the actual reason to be here ?)
And, After ALL' ... WMI's Business Structure was the "Securitization" of "Asset Backed Security Certificates", ... transitioned into ... Financially segregated, ... "Trusts" ...
... It's obvious to a few of us, that there are sum*, that do not actually ~ Know What They Own ~, ... or' ... have obviously NOT' ever' taken the time to find out' ... or' ?, actually care due to an original poor choice at reorganization' ? ...
... Truly though, it doesn't matter any more, none of it' ... "Globic" is completed' and the process moving forward is ready to begin' ... The "Trusts" have been released from their legal placement' in a holding pattern' ...
Thanks Deutsche Bank, for the December 11th, 2017 Letter and notification' ... None of us over here on WMIH-Corp side of the process, can ever expect any timely reveal from our own BOD's, or the WMI-LT propaganda machine' ...
(the LT' does not control what WMIIC / WMI were NOT' able to)
just sayin'
AZ
~ Thanks Guys, Here Is The Basic Process ~
FLOW OF PAYMENTS
Mortgage Payments
to, Lockbox Accounts ... or to, Payment Clearing ... or to,
to, Accounts ... or to, ... the Mortgage
either the, Loan ... or to, ... The Loan Collection, ...
The, ... Servicer then, Advances the Principle, ... distributes, ... To, ...
The, ... Escrow Account, ... or the Custodial Account ... Interest and Repurchase Proceeds
|
Investment Account
|
|
Payments by Yield Maintenance
Cap---------------Account-------------Certificate Account
Counter party |
|
|
Distributions to
Certificate holders
And, ... Distributions to Certificate Holders, ... Is’, ... what Deutsche Bank, is going to begin to distribute to its own’, in January of 2018’, ... along with a ... “Trusts”, ... designated portion of the ($666, million ish’j ... Settlement amount’, ...
... WMIH-Corp, ... Should Be’ ... considered a Certificate Holder of some of these “Trusts”, ...
AZ
~ LP, Yes WMMSC & WAAC ARE Relevant ~
Relevant to ... us’, ... anyway
AZ
~ Intuitive, Yep’ I Don’t Mean To Ruffle Up Anyone’s, “Cape”, ~
... But, there are those of us that are truly only here in an attempt to help, and to keep things as real, as possible, ... No more 1st quarter of 2012’s, will be allowed, ... Everyone is given the same information and some five plus years now to digest and consider the information as revealed, ...
... Yes, this is very very complex’, ... along with the propaganda machine, the hedge funds, private equity, ... All of whom have never wanted any of us to benefit ... (yowzzzzza’, ... right ?)
Yes, It’s obvious to many of us, just who’ hasn’t taken the time to study the dual tracking litigation process, a Trusts prospectus, or WMI’s actual Capital Structure, ... not to mention the massive WMI Original Debt Offerings, ...
BUT’ ?, ... That ? doesn’t make them ALL’, ... BAD’, ... That ?, Only makes them Obvious to the rest of us’, ... and, sadly in need of some sort of validation out here’, ... ? ... in my opinion, what a sad reality’, that must be’, ...
AZ
~ RD, Thanks’, A Very Good Addition To The Process ~
I wasn’t aware of Deutsche Banks taxation issues being so different’, ... But yes, this is very interesting ... I will bookmark this information, ...
Thanks Again,
AZ
~ NiceSeaShell, ... Yes I Am Doing The Very Same Thing’, ~
While I am watching the newco’, ... WMIH-Corp, ... as it will soon be financially affected, by the now released numerous, “Trusts”, ... (as revealed by Deutsche Bank, within their own associatied Trust distribution process, to begin in January of 2018’), ... ALL Performing Trusts will ALSO, now become free to perform, ... (yes, Globic’ is Settled) ...
I have also been working on the intricacies of the 1031 Exchange Process, ... and the quite relevant word used, ... “Dissolve”, ... That was used by the LT, aligned with the 40 plus year old ... WaMu 1031 Exchange ... as well as the ... Capital Loss / Capital Gain IRS responsibility’s ...
AZ
~ Nope, NOT So Confusing If You Try ~
... Let me quote Judge Collyer, ...
... “Although this is complex litigation, the immediate issue is not so complicated once the parties and their relationships are understood”, ...
... I merely took the time to understand the parties and the dual track’, ...
AZ
~ Respectfully ?, Yes, I Know You Don’t “Get It” ~
As simply as I can say’, ... The WMI-LT, is ?, and has been using a propaganda machine’, ... to continue to confuse the innocent participants ... again, on purpose, ... my opinion’, based upon first hand factual events’, ...
... The WMI-LT DOES NOT MATTER’, ... Only as it is eventually utilized as a Pass-Through Mechanism, regarding us’, ...
The hundreds of Performing ... “Trusts” ... were NEVER / EVER owned by WMI’, ... only a percentage of them were actually participated in, as a profit center, ... WMI Investment Corp. ...
Which, ... 100% of the Equity Interest of WMIIC, is owed by the reorganized WMI’ = now, WMIH-Corp, ...
... NOT the shareholders’ ...
... IF’, ?, ... you randomly choose a Trust Prospectus, and Read It ?, ... Well, the result of that study will be enlightening, ...
As many know, ... I have been discussing these “Trusts”, and their functions, ... for quite a number of years now’ ...
AZ
~ Yes, ... That Is Correct ~
I just saw this issue of WMI being presented as a 25% participant in all “Trusts”, being misrepresented to the people over this last weekend is all’, ... NOT BY YOU’,
But thanks for joining the discussion, ... in my own effort to keep things factual and correct
AZ
~ At Least, You’ Are On The Right Track’ ~
Here, if you like’, ... I’ll make a suggestion, ... Start with WaMu Capital Corp (WMI’s Dealer Broker, that sold on the secondary market), ... and follow the process forward’ ...
AZ
~ Washington Mutual Inc., Also “Acquired”, “Trust”, Producers ~
... and many of the “Trusts” produced had already been formed and were already functioning, ... just 30 minutes of some WMI DD’, reveals that’, ...
Here’s a hint ?, ... WMI sold off a load of these, got filed against, had an 11.9% loss ratio determined, ... ? ... and lead to a Settlement’, ... ring any bells’, ... ?
AZ
~ Believe What You Want’, But You’ll Soon Be’ Disappointed ~
... IF, ... ?, ... You believe that all values, “Cash” aligned with the WMI Estate, Are distributed at the 75% / 25%, load of WMI-LT propaganda machine nonsense’, ... Or, ... ?, ... That WMI particulated to a level of 25% in every “Trust” on the planet earth’ ... you’re in for a disappointment ...
... your holdings and choices, Obviously don’t affect me’ ?, ... my holdings are my own’, ... and personally and carefully chosen ...
But’, ... Not by any db’, misunderstandings, ... or purposely presented, ... propaganda’, ...
Watch what happens regarding the LT’ on Feb 1st 2018’, ... and, ... Watch what happens with WMIH-Corp
AZ
~ LP, Yes This Is Correct ~
This FDIC Settlement ($600 million ish') Return, ("Globic"), is definitely not the main safe harbor "Cash" accumulations', (9 plus years) ...
When A "Trust" is placed into a legal holding pattern, ... The aligned "Cash" returns are held in the World Bank' to be distributed by the DTC, Clearstream, and Euroclear' ... A "Trust" is a multi-national investment' ...
and' most of what has been posted over these last few days', is shere BS", which is being posted by, ... "wishful thinkers", ... "copy and paste artists", ... and nothing deeper than,... "discussion board nonsense" ...
If one takes a moment to review the "Trusts" that are truly involved' ? None of these "Trusts" are related to the Original WMI' "Preferred Offering" ...
The "Trusts" listed are Long Beach, Goldman, WMMSC, WAAC, Coastal, Morgan Stanley ... etc, etc, etc, ...
Oh, and not only is the 75% / 25% nonsense wrong, but so is the WMI 25% participation being wrongfully disclosed by those without proper study habits', and rely merely on discussion board presentations' ...
~ Know What You Own ~ ... Or Not' *(after all, it's been five plus years)
AZ
~ Views On WMIH-Corp Remain Divided, re; Forward Movement ~
... however, I remain convinced within the “Trusts” and their returns, and WMIH-Corp, ... being the. actual, reorganized and now reincorporated, (reincarnated), ... original, ... Washington Mutual Inc., ...
and, ... I agree, ... ones received, class released ... “tracking markers”, ... designating ones chosen participation, ... to be extremely valuable ...
Simply an empty shell with some NOL’s ?, ... Nope, Not Hardly
the “credit facilities” cash, to be used for a third party M/A ?, ... Nope, Not Hardly
I know why I’m on this financial monster, and I also, ~ Know What I Own ~ (I think the institutions, know as well)
... good luck with all of that “wishin & hopin”, ... in my world, hard work’, always pays off (old school), ...
AZ
~ Basel III, Mandates WMIH-Corp Have "Cash" Available" ~
WMIH-Corp is now an active, registered, and reorganized, company in Delaware as a 6199' FINANCE SERVICES', and the following regulations apply',
"Basel III Leverage Ratio Framework and Disclosure Requirements"
WMIH CORP.
SIC: 6199 - FINANCE SERVICES
~ ADDED, and to ALL’ ~
In my own opinion ... ? ...
... This is the WMIH-Corp’s, necessary accommodation to “Basel III”, ... (in effect as of January 2017’), ...
SUMMARY:
“”Basel III is an extension of the existing Basel II Framework, and introduces new capital and liquidity standards to strengthen the regulation, supervision, and risk management of the whole of the banking and finance sector”.
~ LP, Yes I Also Found This Extremely Interesting ~
Yes, I actually traced this back to the original WaMu Capital Corp., ... (The WMI’ (WaMu) Registered Dealer Broker that sold on the secondary), ... WaMu Capital Corp., was no long needed due to WMI’s diminishing “Capital / Cash”, and subsequently WaMu Capital Corp., closed up shop back in 2006’ ...
So, I considered Trust monthly production, Then and Now’, ... then, the original, “Cash”, and reverse engineered the process, taking into consideration a number of present tense issues.
“Globic”, now being Settled, ... The Deutsche Bank 12/11/2017’ Letter, (Trust distributions beginning in Jan 2018), ... the “Embedded Derivative Function”, with in the Jan 2015’ credit facility, ... the new Jan 2018’ credit facilities payment amendments’, associated with common shares in lieu of a cash coupon, ... and again, the reverse engineering of the Trust production of monthly distributions, calculated out (monthly) to latter 2019’, ...
As the price per share of WMIH-Corp, moves up, associated with Trust produced monthly “Cash” returns, ... enhancing the value of the new company, on a monthly basis’ ...
AZ
~ Maybe This' Will Help Regarding WMIH-Corp ~
As I have been saying for a number of years now, ... (and'), In My Own Opinion ?, ... The quite conditional and very restricted "Cash" held by Citi' (the escrow agent) was NEVER' for the newco' (WMIH-Corp), to utilize for an outside M/A ... the amount of "Cash" ($600m, or now roughly $573m), was just never enough, again for any outer third party purchase' ... (there's just way to many large financials out and about within a competing market')
also, ... WMI Investment Corp., the original "secured and segregated" by Bankruptcy Filing # 1' ... continues and, as stated by S. Landefeld ... "WMIH-Corp Owns 100% of the "Equity Interest" in WMIIC" ...,
So, ... Currently, Ever since 01/01/2017' ... the "Embedded Derivative Function" reversed as the WMIH-Corp PPS' diminished, as the balance sheet became enhanced using the, "Restricted Cash" ...
INSERT: ... "Globic" is obviously now' completed ... (thankfully)
So, as the newco, WMIH-Corp and along with ... Us', ... is able to begin to now move forward in 2018 without any legal restriction', ... The original "Cash" and its function, is able to be realized', as the "Trust" participation (WMIIC') is able to begin to be distributed
(Deutsche Bank's 12/11/2017 Letter' is the proof of the process beginning in January of 2018) ...
===============================================================
Fund specialises in high-rated corporate debt
Assets
The average risk weight of the fund is ($5*0% + $75*20% + $20*50%)/$100 = 25%. The financial leverage of 20 results in a risk weight of 500%.
The above example illustrates that the rate at which the 1,250% cap is reached depends on the underlying riskiness of the portfolio (as judged by the average risk weight) as captured by Basel II Standardised Approach risk weights or the IRB methods. Therefore, for a “risky” portfolio (100% average risk weight), the 1,250% limit is reached fairly quickly with a leverage of 12.5x, while for a “low risk” portfolio (25% average risk weight) this limit is reached at a leverage of 50x.
===============================================================
or using a basic math representation, ... Cash $ 5 to, AAA to AA- bonds $ 75 A+ to A- bonds $ 20
or, ... for every $5.00 in "Cash", held by a financial' ... the ratio allows for a multiple of 15 able to be legally held ... or' ...
... so for every $5.00 in "Cash" held', would allow for a consideration of $75.00 within a return participation' ...
(currently the "Restricted Cash" being roughly $500 million, would allow for a consideration of $7,500,000,000.00 In A Return Participation' ...
"This final standard will apply as of 1 January 2017"
... This ?, again, in my own opinion ? ... Would Be A Reasonable Presentation, of Only The Beginning' Stages' ...
Just Remember, ... The newly reorganized WMI', WMIH-Corp Owns 100% of the "Equity Interest" in WMI Investment Corp. ...
AZ