hard · Asset-Backed Securities asset-nuances
A healthcare receivables ABS facility has an advance rate of 80% against eligible 'Net Realizable Value' (NRV).
If the provider generates $10,000,000 in gross charges, applies a 35% contractual adjustment, and 5% of the remainder is ineligible due to aging, what is the maximum advance available?
- $5,200,000
- $8,000,000
- $5,066,667
- $4,940,000
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