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      "text": "Enhancement Scenario 4: YSOC Rate: 13.65% Floor C.E. Test: n/a Pool Comp. Test: n/a Net Losses Test: x",
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      "text": "Break-Even Analysis Assumptions (1) Loss timing curve of 30%/40%/20%/10% per year (2) 1.30% ABS (3) 3-month recovery & charge off delay and 50% loss severity",
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      "text": "* Includes all REV transactions since program launch in 2014 with information through 60 months; for information on additional Cumulative Net Loss data above 60 months, see Annex A of the Offering Memorandum or the Quarterly Supplement - Static Pool Information",
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      "text": "*** Fitch base case cumulative net loss expectation excluding its \"margin of safety\" and under statistical pool asset mix",
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      "text": "** Includes ineligible receivables in the pool, which would increase Break-Even Losses, but the impact of the ineligible receivables is not modeled above",
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      "text": "**** Reflects the average of Fitch and S&P's worst case pool assumptions when the pool satisfies the floor credit enhancement test",
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      "text": "Rating Agency Expected CNL 0.60%*** 'AAA' Loss Multiples 26.98x Rating Agency Worst Case Pool CNL 2.48%**** 6.53x",
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