You have a basket of asset-backed commercial paper, assets--call them what you like--and you've been asked by bank A to rate these instruments. What is your role there? Do you say, okay, fine, send all the contracts over and we'll rate them, or do you say, well, I'll input them in my computer model and then send you a bill and you tell me what you want?
On April 2nd, 2009. See this statement in context.