Do you know these ratios??

Debt Service Coverage Debt Payback Period How to calculate?

DSC is (Free Operating CF + Interest)/(Interest + Annual Principal Repayment Obligation) and is used in credit analysis for fixed income. DPP is Total Debt/Discretionary CF and is used for the same thing. I don’t think you have to know how to calculate either, but just know what they are used for.

Wyantjs, you work in Fixed Income?

Yeah. Quant-type role in structured finance.

I guess you don’t have to study for fixed income. What’s a non-amortizing ABS besides Credit Card ABS?

trade receivables or equipment/real estate leases