NO.PZ2020033003000108
问题如下:
Tony Han, a junior analyst, is considering recommendations of the structure products to his clients. How many of his following observation(s) is(are) correct?
I. Senior tranches have large attachment points and hence a low probability of credit losses.
II. Equity tranches represent the first loss piece of the capital structure.
III. Synthetic CDOs have standardized tranche widths similar to index tranches.
选项:
A.
0.
B.
1.
C.
2.
D.
3.
解释:
C is correct.
考点:Structured Credit Risk
解析:
Statement I and II correct.
Statement III is incorrect. Index tranches, not synthetic CDOs, have standardized tranche widths.
啥叫attachment points