JHF purchase without recourse, true sale applies - Japan

1	Funding /risk transfer / both	By selling the housing loan to JHF, the seller is freed from both funding and credit risk
2	Eligible assets	35-year fixed rate mortgage that fulfils JHF’s lending criteria
3	Brief description of structure for each	JHF purchase the mortgage at par price; seller services and special services
4	Fees / pricing structure	JHF purchase the mortgage at par price; servicing fee is determined by the seller
5	Servicing	Seller services and special services
6	Risk sharing (if appropriate)	JHF bear credit losses
7	Other Comments	Prepayment risk is borne by the RMBS investors. In general, the risk weight applicable to RMBS is 10%, which is determined by the Financial Services Agency