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ladycoco想放假 · 2020年03月24日

问一道题:NO.PZ2019011002000012

问题如下:

In a discussion, Li, a junior credit analyst made the following statements about covered bonds:

Li’s statement 1: A covered bond is a senior debt obligation of a financial institution that gives recourse to the originator/issuer as well as a predetermined underlying collateral pool.

Li’s statement 2: Rating agencies often assign a credit rating to covered bonds that are several notches above that of the issuing financial institution.

According to the information above, which of Li’s statement is incorrect?

选项:

A.

Statement 1 is incorrect.

B.

Statement 2 is incorrect.

C.

Neither of the statements is incorrect.

解释:

C is correct.

考点:Covered bonds概念的理解

解析:

Li的两个Statements都是正确的,这两个Statement为讲义总结结论。

statement2里的several notches应该怎么理解呢?financial institute是相当于senior unsecured bond,covered bond是senior unsecured bond,按理是只高了一个等级啊,怎么是several notches呢?

3 个答案
已采纳答案

吴昊_品职助教 · 2020年03月30日

首先financial institute是senior unsecured bond,而covered bond是senior secured bond。两者之间还会有junior secured bond。两者之间差了两个等级。下面来自于一级固收的讲义。同学在做题的时候不需要太纠结于细节了,把握重点是关键。

ladycoco想放假 · 2020年03月30日

谢谢🙏

WallE_品职答疑助手 · 2020年03月28日

同学你好,

原版书上也只有这一句话,他并没有给出任何解释或者原因,我想主要是协会也不认为这个考点是重点吧。

WallE_品职答疑助手 · 2020年03月25日

同学你好,

是几个notches的差距哟,请参考基础班讲义P257

ladycoco想放假 · 2020年03月25日

我知道讲义上是那么写的……我想问的是原因

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