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James · 2024年02月15日

prior to transaction close

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.

B.

prior to the close of the CLO transaction.

C.

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.

是我翻译不对吗?我理解标题这句话的意思是在交易关闭之前,和until transaction close是一样的意思呀,所以我才选的B。C选项里面跟贷款到期有什么关系,明显不对。

1 个答案

李坏_品职助教 · 2024年02月16日

嗨,爱思考的PZer你好:


这个题问的是CLO资产池的构建完成是在哪个时期,CLO的资产池构建是会持续到transaction交易关闭后的一段时期的,并不是一定在交易关闭之前。


详情请参考基础班的这个视频:


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