Glossary / finance terms
Post-ARD step-up
The extra interest that accrues on securitisation notes not refinanced by the anticipated repayment date.
In the filed deals
STACK's Series 2021-1 Class A-2 notes carry a post-ARD note spread of 0.95%.
For in-house counsel
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Explanatory definition, not a statement that a particular transaction contains this term or a substitute for its contractual definition.
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