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薛定谔都有猫 · 2024年02月08日

C选项

NO.PZ2023052301000072

问题如下:

Which of the following benefits of securitization is most likely to be important for investors?

选项:

A.

Increased efficiency

B.

Reduced liquidity risk

C.

The ability to tailor interest rate and credit risk exposures

解释:

The correct answer is C. Securitization provides a direct conduit between borrowers and investors. It also allows investors to tailor interest rate and credit risk exposures to suit their specific risk, return, and maturity needs.

A is incorrect because securitization creates efficiency for issuers and financial markets more directly than for investors. Securitization allows issuers to sell illiquid assets and operate more efficiently on a risk-adjusted basis. Moreover, because securitization creates tradable securities with higher liquidity than the original underlying assets, it makes financial markets more efficient.

B is incorrect because securitization improves overall liquidity in the financial system and reduces liquidity risk, which benefits participants in financial markets.

老师可以解释一下C选项吗?我的理解是C选项说资产证券化可以让投资者定制风险敞口等,这是和ABS的内部分层有关吗?

1 个答案

pzqa27 · 2024年02月12日

嗨,从没放弃的小努力你好:


是的,当资产证券化后,一般会分成几个层级,不同层级的回报率和风险不一样,虽然这些层级都来自一个资产池子,但是风险不一样,投资者相当于投资了同一个资产池,但是可以选择不同的风险大小。

----------------------------------------------
虽然现在很辛苦,但努力过的感觉真的很好,加油!

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