Task: Class Definition Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following definitions best describes 'draft pass through termsheet'?

A. Draft of set of information defining one tranche of a tranched issue. This will become the termsheet of an individual tranche within that issue. Term origin:MBS PoC Reviews
B. Draft of set of information defining the pass thorugh security terms. These will eventually become the contractual terms of the instrument. Term origin:MBS PoC Reviews
C. In reality there is one termsheet that has sets of information for the terms for each Tranche. This class of information identifies the terms of one tranche, but it does not exist as a separate document in its own right. Further Notes ? We may need to firm up the relationship between the individual tranche termsheet and the information about the relationships among these (some of which are quite complex) and the terms that are common to more than one tranche. In practice these may be separate sections of one document. Term origin:MBS PoC Reviews
D. The final termsheet for the pass through MBS issue. This defines the terms for the MBS contract itself. Term origin:MBS PoC Reviews

Answer: Draft of set of information defining the pass thorugh security terms. These will eventually become the contractual terms of the instrument. Term origin:MBS PoC Reviews