1. Current Requirements

2. Definition of Asset-Backed Security

3. Securities Act Registration Statements

4. Foreign ABS

5. Exclusion from Exchange Act Rule 15c2-8(b)

6. Registration of Underlying Pool Assets

7. Market-Making Transactions

1. Regulation AB

2. Forepart of Registration Statement and Prospectus

3. Transaction Parties

1. Sponsor
2. Depositor
3. Issuing Entity and Transfer of Asset Pool
4. Servicers
5. Trustees
6. Originators
7. Other Transaction Parties and Scope of Disclosure

4. Static Pool Information

1. Disclosure Required
2. Method of Presentation

5. Pool Assets

1. Pool Composition
2. Sources of Pool Cash Flow
3. Changes to the Asset Pool
4. Rights and Claims Regarding the Pool Assets

6. Transaction Structure

7. Significant Obligors

8. Credit Enhancement and other Support

9. Other Basic Disclosure Items

1. Tax Matters
2. Legal Proceedings
3. Affiliations and Certain Relationships and Related
4. Ratings
5. Reports and Additional Information

10. Alternatives to Present Third Party Financial Information

1. Incorporation by Reference
2. Reference Information

1. ABS Informational and Computation Material

1. Current Requirements
2. Exemptive Rule
3. Definition of ABS Informational and Computational Material
4. Conditions for Use
5. Filing Requirements

2. Research Reports

1. Current Requirements
2. ABS Research Report Safe Harbor

3. Other Communications during the Offering Process

1. Current Requirements

2. Determing the "Issuer" and Operation of the Section 15(d)

3. Reporting on EDGAR

4. Distribution Reports on Form 10-D

5. Annual Reports on Form 10-K

6. Certifications under Section 302 of the Sarbanes-Oxley Act

7. Report on Assessment of Compliance with Servicing Criteria

1. Background
2. Our Proposal and Overview of Revised Approach
3. Assessment and Attestation of Servicing Compliance
4. Attestation Report on Assessment of Compliance

8. Current Reporting on Form 8-K

1. Items Requiring Current Disclosure
2. Clarifying Amendments to Existing Items
3. New Items
4. Safe Harbor and Eligibility to Use Form S-3

9. Other Exchange Act Reporting Amendments

1. Exclusion from Form 10-Q
2. Exemptions from Section 16
3. Transition Reports

E. Other Miscellaneous Amendments

F. Transition Period

• Overview
• Basic definition of ABS
• Nature of issuing entity

• How to calculate
• Non-performing pool assets
• Delinquent pool assets
  

• Master trusts
• Prefunding periods
• Revolving periods