Cleanup Calls and repurchase options under FAS 140
by Martin Rosenblatt
Martin Rosenblatt is one of the World's most experience scholar on accounting for securitization. Martin has several contributions on this site – see our Articles section. For more articles on accounting for securitization, under FAS 140, see here.
In the graphic below, Martin shows the implications of various clean up calls and repurchase options on securitization accounting: