Common Contracts
1 similar Interest Rate Cap Contract contracts
ContractInterest Rate Cap Contract • January 15th, 2020
for all Federal income tax purposes. Thus, the interest rate cap contract is an asset beneficially owned by the several certificate holders and is not an asset of the REMIC trust. Consequently, each certificate holder must allocate its purchase price for the cer- tificate between its undivided interest in the Class N bond and its undivided interest in the interest rate cap contract in accordance with the relative fair market values of those two property rights.
