问一道题：NO.PZ2018062020000036

问题如下：

When the collateral manager fails pre-specified risk tests, a CDO is:

选项：

deleveraged by reducing the senior bond class.

restructured to reduce its most expensive funding source.

liquidated by paying oﬀ the bond classes in order of seniority.

解释：

A is correct. When the collateral manager fails pre-specified tests, a provision is triggered that requires the payoﬀ of the principal to the senior class until the tests are satisfied. This reduction of the senior class eﬀectively deleverages the CDO because the CDO’s cheapest funding source is reduced.

b选项和c选项是什么意思？

添加评论

1 个答案

WallE_品职答疑助手 · 2020年09月18日

B说要重构CDO

C说要清偿CDO

这2个都与本题无关，相当于废话，您可以参考书上的原话，只包含A。

添加评论

1
回答
1
关注
1417
浏览

我要回答关注问题

相关问题

NO.PZ2018062020000036问题如下When the collateralmanager fails pre-specifierisk tests, a C is: A.leveragebyrecing the senior bonclass. B.restructuretoreits most expensive funng source. C.liquitepayingoﬀ the bonclasses in orr of seniority. A is correct.When the collatermanager fails pre-specifietests, a provision is triggerethrequires the payoﬀ of theprincipto the senior class until the tests are satisfie This rection ofthe senior class eﬀectively leverages the C because the C’s cheapest funng souris rece 考点C解析如果C manager没有通过事先指定的测试，就需要将senior层级的本金归还，直到通过测试为止。把senior层级本金归还可以降低C的杠杆，A正确。 B,C翻译一下？

2022-03-23 18:20 1 · 回答

NO.PZ2018062020000036 考试时候会有这种细节题吗？

2021-03-13 17:54 2 · 回答

老师这道题是什么意思

2020-11-04 20:05 1 · 回答

老师这道题能下什么意思嘛

2020-02-07 18:33 1 · 回答

问一道题：NO.PZ2018062020000036

1 个答案

1

1

1417

相关问题