A true businessman with a clear strategy, vision and commitment, Rata Tata stands as an example of true success achieved with what it takes.
Any structure with different seniority levels among investors(e.g. securitisation vehicles)- When the LTA(in terms of paragraphs above) is required for an investment in a structure with different levels of seniority, the exposure value to a counterparty should be measured for each tranche within the structure,
assuming a pro Rata distribution of losses amongst investors in a single tranche.