NO.PZ2023052301000086
问题如下：
The inclusion of assets into a CLO collateral pool is completed:
选项：
A.during a subsequent ramp-up period.
prior to the close of the CLO transaction.
between ramp-up and loan maturity on meeting certain requirements.
解释：
The correct answer is C. After the ramp-up period but before underlying collateral pool loans mature, the collateral manager may replace loans in the portfolio as long as the new asset meets the portfolio selection criteria.
A is incorrect because while additional assets are added to the collateral pool during a subsequent ramp-up period, loan replacements can still occur after the ramp-up period.
B is incorrect because a typical feature of CLO transactions is that the collateral portfolio is not finalized until after the transaction closes.
我理解的CLO 里面构建的collateral pool 资产是应该从warehouse period到reinvestmentperiod. C选项是不是不够严谨，只是相对AB选项来说更准确一些？
