These payments I would have been making would have been directly to the bank.

You're guaranteed these payments.

They defer the payments.

And now instead of you getting the payments, I get the payments.

Number of payments per year

These payments are spread out.

live on the interest payments.

People are used to, because mobile is king, they're very, very used to transferring money, making payments via mobile.

So all of these are payments.

You don't pay any mortgage payments.

Your insurance payments didn't go through.

Of that 100 million in payments, 6 on the 400 million, that's 24 million in payments.

Because it's 10 . 100 million in payments.

You can make 4, 6 or 12 payments.

The rights on those payments that's the asset.

Signing cheques for other people, concealed payments. Paper.

Did you make regular payments from banking section?

I got a mortgage. I got car payments.

And when the 1 billion came from that local bank, all the payments, the interest payments, went to the bank.

I was a little behind in my loan payments.

I want to buy the rights to those payments.

And then the next payments go to this one.

But the important thing to realize is that these payments

How many payments will it take to pay off this loan?

The insurance payments depend on the use intended (work or leisure).

So 24 million in payments will go to the senior tranche.

And then the investors are going to get my interest payments.

And the loans are just the right on these 10 payments.

And she makes them so they could either be broken up into payments, or they could be like these, which are leaves that can be payments.

Now something happened in your life maybe unfortunately you lost your job or your spouse lost their job or maybe you just overestimated your ability to pay off your mortgage payments and so you are having difficulty making them and quite frankly you can't make the mortgage payments anymore

And you say, this group of the CDOs, they'll get the first payments. or if any payments that go, immediately go to this very senior tranche, right?

Imagine if direct mobile payments could help lift families from extreme poverty

Now this mortgage only needs two payments, so now you are done.

But in the old model, the bank would keep these payments itself.

To make our house payments, we're going to have to tighten our belts.

Japan's balance of payments has been running a huge surplus for many years.

By means of monthly payments, people can purchase more than in the past.

So it will benefit, because you are discounting some of the cash payments.

I want to differentiate between the actual dollar payments and the present values.

Well what we do is, we present value each of the payments, right?

Notice I'm just adding up the present values of each of those payments.

They made sure that their loan recipients were staying up with their payments.

And that company has the right to payments that are secured by mortgages.

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