medium · Asset-Backed Securities collateral
In a Healthcare Receivables ABS facility, a hospital provider generates $50M in monthly gross charges. Contractual adjustments average 35%, and the trust utilizes a dynamic advance rate of 80% on eligible net receivables.
What is the maximum funding the provider can draw against this month's charges?
- $20.80M
- $32.50M
- $40.00M
- $26.00M
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