... Inc.
Modeling
Structured Finance
Cash Flows with
Microsoft
Excel
A Step- by -Step Guide
KEITH A. ALLMAN
John Wiley & Sons, Inc.
Modeling
Structured Finance
Cash Flows with
Microsoft
Excel
2 MODELING STRUCTURED ... 125
Internal Testing 125
Cash In versus Cash Out 125
Modeling
Structured Finance
Cash Flows with
Microsoft...
... cells.
20 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL
FIGURE 1 .8 An example of a data validation
list.
FIGURE 1.9 Create a data validation list in the Data Validation dialogue box.
... 2.1 Each individual loan has a principal balance, rate, and term.
6 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL
Obtain All Necessary Inf...
... Prepayment terminology
43
38 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL
MATCH(AssetFltIndx1,lstInterestRates,0)),(F6−AssetMarg1)
+AssetPdCapFl1,AssetLifeCap1),(F6−AssetMarg1)−AssetPdCapFl1,
AssetLifeFloor1),F6)
This ... be extraordinarily rare to
have a rate increase or decrease by 100 percent in one month.) Name this cell
AssetPdCapFl1.
30 MODELING S...
... formulas. In cell AD8 enter the following formula:
= SUMPRODUCT(C8:OFFSET($B8,0,$AC8),'Raw Data'!C7:OFFSET
('Raw Data'!B7,0,$AC8))/SUM('Raw Data'!C7:OFFSET('Raw
Data'!B7,0,$AC8))
62 ... readily apparent
in dynamic portfolio data because of the constantly changing mix in new and
aged receivables. Additionally, data based on annual losses can understate...
... sheet.
84 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL
and was classified as a default in August 2005. The balance of the loan at that time
was $1, 580 . At this point, from a transaction ... necessarily suggest an organization based
89
80 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL
FIGURE 4.16 100 percent SDA displayed as...
... is
107
Liabilities and the Cash Flow Waterfall
91
Each individual liability needs to be set up in a way that shows exactly what is
needed, what can be paid based on what is available, what is unpaid, ... formula checks to see if the global trigger has been tripped and populates
any cash remaining at the end of the waterfall. It is constrained by a MIN
102 MODELING STRUCTURED FI...
... The Cash In is all of the cash that is available to pay liabilities. At first this is
all of the cash that the assets generate. While that is a large part of the Cash
In each period, two of the advanced ... (&apos ;Cash Flow'!Q7+&apos ;Cash Flow'!R7+&apos ;Cash Flow'!T7
+&apos ;Cash Flow'!U7)/(1 +$E$5)
∧
$A1 6
This formula adds the voluntary prepayments, amor...
... Conditional Formatting dialog box.
FIGURE 8. 11 Goal Seek dialog box.
146 MODELING STRUCTURED FINANCE CASH FLOWS WITH MICROSOFT EXCEL
FIGURE 9.1 In structured transactions cash is typically created and ... long an assets balance is
outstanding.
CHAPTER
10
Automation Using Visual Basic
Applications (VBA)
A
powerful capability of all Microsoft Office applications is the...
... "
Application.ScreenUpdating = False
Const DebtBal As String = "FinalLoanBal"
Const AdvRate1 As String = "LiabAdvRate1"
Dim UnpaidLoan As Range
Dim AdvanceRate As Range
Range(AdvRate1) = 1
If Range(DebtBal) ... variables i and k are created, and array and string variables are
declared. Arrays are a new concept for this section. An array is a range of
data that can...
... versions of Excel
(see Figure A. 8) .
FIGURE A. 8 Click the What-If
Analysis button in the Data Tools
group to select Goal Seek.
Add-Ins
The Analysis ToolPak and the Analysis ToolPak—VBA are Excel add-ins ... 65–66
Recoveries
assumptions, 84
cash flow waterfall and, 105
characteristics of, 23, 83 85 ,
89
monthly yields and, 131
projection, in cash flow
model, 86
timeline of,...