Design the yield split, protection, and immediate exit in one workflow.
Set how Senior yield is shared with Junior and SLP, choose the loss Senior should survive, and define the immediate exit. Then inspect returns, capital requirements, and exit outcomes.
- Source
- Underlying yield
- Junior
- First-loss buffer
- SLP
- Exit liquidity
Design the market
Choose the source, protection, and exit; then set the yield split for the active tranches.
Optional: use either method to add dated NAV or price history. You can continue without it.
Should Senior have first-loss protection?
Off removes Junior capital, lets Senior absorb source losses directly, and greys out every Junior model below.
How should temporary losses be observed?
Controls when a covered loss becomes permanent. It does not change the amount of Junior required.
Senior stayed whole through the selected source drawdown at the 100%-utilized boundary. Opening Junior capital is sized at the 90% target. The forward return remains visible while exact pool terms are being checked.
Should Senior have an immediate pool exit?
Off removes the SLP and immediate pool exit, and greys out every SLP model below.
Scenario returns at these terms
Scenario returns updated. Senior 6.0%. Junior 13.8%. SLP 11.1%.
Sr
The strategy asset, protected by Jr
Loses value only after Jr is exhausted
Jr
First-loss coverage for Sr
Absorbs the first losses, in full
SLP
The pool Sr exits into
Uses the disclosed illustrative SLP capital basis
See how these choices change the market
Open a section for its charts and tables. The main answer stays in each collapsed row.
Capital stack
How tranching worksDashed markers show the 100%-utilized minimum; lighter caps show opening headroom.
- SrThe raise; last to take a lossOpening target$100.0100% floorbasisShare76.3%
- JrFirst-loss capital; meets 15.0% Minimum Coverage, and the 90.0% opening target adds headroom above the 100%-utilized requirementOpening target$20.0100% floor$17.6Share15.3%
- SLPExit liquidity; meets 9.9% minimum liquidity at the 90.0% targetOpening target$11.0100% floor$9.9Share8.4%
Royco Deploy collects final contract settings and revalidates the live market before deployment.
Educational simulator only. No securities are offered through this page. Forward projections are mechanism simulations, not forecasts or announced terms. Royco Deploy independently validates final market settings.