Falko ABS contains unique features.

B Full and partial cash sweep b : The transaction will include a full cash sweep for the first year of the transaction and subsequently partial cash sweeps until the ARD. KBRA has noted that Regional 2021-1, the $255 million asset backed securitisations (ABS) launched by Falko Regional Aircraft, contains several transaction features that have not been observed in any rated aviation ABS transactions before 2021: B Collections test b If on a single payment date, lease collections are less than 70% of what is due for the two most recent payment dates or 50% for the current payment date, the transaction will begin to use any excess cash to pay down the series A loans. B Faster amortisation profile b : The loans will amortise on a straight-line schedule based on the aircraft type and loan series, which is faster compared to most other recent KBRA-rated aviation ABS transactions, observes the rating agency. [Extracted from the article]