The simplest version of a tranche. That is, a tranche that has no extra features other than its basic form....

The simplest version of a tranche. That is, a tranche that has no extra features other than its basic form....

The simplest version of a tranche. That is, a tranche that has no extra features other than its basic form....

The simplest version of a tranche. That is, a tranche that has no extra features other than its basic form....