NO.PZ2018062020000022
问题如下:
Securitization benefits investors by:
选项:
A.
providingmore direct access to a wider range of assets.
B.
reducingthe inherent credit risk of pools of loans and receivables.
C.
eliminatingcash flow timing risks of an ABS, such as contraction and extension risks.
解释:
A is correct. Securitization allows investors to achieve more direct legal claims on loans and portfolios of receivables. As a result, investors can addto their portfolios exposure to the risk–return characteristics provided by awider range of assets.
B is incorrect because securitization does not reduce credit risk but, rather, provides a structure to mitigate and redistribute the inherent credit risks of pools of loans and receivables.
C is incorrect because securitization does not eliminate the timing risks associated with ABS cash flows but, rather, provides a structure to mitigate and redistribute those risks, such as contraction risk and extension risk.
考点:Securitization
解析:资产证券化可以让投资者获得更多直接的投资机会,以便找到最适合自己的利率风险和信用风险敞口。故A正确。
请问B选项哪里不正确呢?