NO.PZ2023052301000083
问题如下：
An action affecting the cash flow received by a credit card ABS holder during its revolving period is the:
选项：
A.
early repayment of principal by cardholders.
B.
card’s floating-rate cap exceeding the periodic rate.
C.
triggering of an ABS rapid amortization provision.
解释：
The correct answer is C. Triggering rapid amortization provisions accelerates and alters principal cash flows. Noteholders will receive their investments earlier, which they can then reallocate to other investments offering more attractive risk/return characteristics.
A is incorrect because typically during the revolving period, as credit cards are non-amortizing loans, the security holders receive only payments from the finance charges and fees the lender collects. Returned principal is reinvested in the collateral pool.
B is incorrect because when floating-rate cap exceeds the rate cardholders must pay, there is no related binding limit on finance payments.
我看前一个问题老师提到revolving期，除此之外我记得还有一个锁定期，有点混乱了
