NO.PZ2020033002000074
问题如下:
Mike is considering investing in an asset-backed security (ABS) that has four tranche with value of USD 200 million in super senior tranche, USD 150 million in senior tranche, USD 70 million in subordinated tranche and USD 20 million in equity tranche. The ABS is collateralized by USD 10 million. What amount of losses Mike would begin to suffer if he invested in senior tranche?
选项:
A.
USD 250 million
B.
USD150 million
C.
USD 100 million
D.
USD 90 million
解释:
C is correct.
考点:ABS
解析:
10 + 20 +70 = USD 100 million.
一共只有10m的抵押品,super senior都不够还的呀?如果senior开始亏损的时候就动用完了10m的抵押品,那再恶化下去super senior不是没有抵押品的保障了?抵押品只保障senior这一个层级吗?