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ditto · 2024年09月16日

C 选项是怎么实现的

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.

参考另一个答案解析:https://class.pzacademy.com/qa/151351

请问投资者怎么能降低风险敞口呢, 这是市场能做到的吧

另外, B选项是对市场的好处, 降低Liquidity risk同样对投资者有好处呀, 为什么不选呢

1 个答案
已采纳答案

品职答疑小助手雍 · 2024年09月17日

B选项解析里写了improves overall liquidity(增加整个市场流动性)指的是银行不用等到贷款到期再开始下一笔贷款,而是可以打包出售贷款,直接开始下一笔。和投资者没关系。

C选项投资者购买资产证券化产品可以通过认购份额的大小和购买不同层级(senior 或者mezzanine)的方式来控制敞口和风险大小。

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