Sample Asset Level Data (ALD) Due Diligence Topics for Underwriters in ABS Offerings

This document is intended to be used by dealers acting as underwriters as part of their efforts to undertake a reasonable investigation to determine if there are any material misstatements contained in a registration statement or prospectus as it relates to the ALD. These are potential topics of focus, and the actual topics of focus should be narrowed or expanded based on the circumstances of the transaction and asset class. This document is not intended to be prescriptive, nor is it intended to apply to every transaction.