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Henrrry · 2018年05月15日

问一道题:NO.PZ2016082405000091

问题如下图:

    

选项:

A.

B.

C.

D.

解释:


看不太明白,求解释一下

1 个答案
已采纳答案

orange品职答疑助手 · 2018年05月16日

就是SPV设计的证券化产品中,分为不同的tranche,最底层的equity层,一旦有loss,是第一个被牺牲掉的。它的质量最差,所以这个equity tranche有时会被机构自留。这在本题中被称作了firtt-loss piece。

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