- Reserves accounts;
- Sponsor sharing;
- Maximum loan-to-value ratio;
- Liquidity facility; and
- Capital call facility
While there has been much discussion on the background of the Astrea IV bond issuance and the Class A-1 bonds available for the retail public, less discussion is available on the structural safeguards built into the bond issuance in general.
Flipping through the Astrea IV prospectus, we note that there are five key structural safeguards: