问题如下图:
选项:
A.
B.
C.
解释:
如果是不是US company,那么答案是199m吗?
吴昊_品职助教 · 2019年03月29日
这道题目中明确在美国restructuring不算做信用事件,所以本金是不变的。如果算作是信用事件,那我们就需要把这家公司剔除掉。现在index中有100加公司,每家公司的权重都是一百分之一。200m-200*(1/100)=198m,而不是199m。
Yang · 2020年03月18日
那本金下降 50%, 为什么不是 200-200/100*0.5=199?
吴昊_品职助教 · 2020年03月19日
这里说的reduced by 50%是指公司债务重组之后的结果是Fooddeliver公司所有的本金下调了50%,这是公司内部债权人安排的债务重组的方案,和index中占比无关。建议回听一下基础班相关知识点的讲解。
NO.PZ2019011002000021问题如下 Foolivery is a US company. The bon issuethis company are incluin the on-the-run C high yiel(HY) inx. TXT, a rivatives trang company sol$200 million of protection on this C inx anthe inx contains 100 entities. Recently, Foolivery is forceits cretors to involuntarily restructure on its bt, ana result, all outstanng principobligations will rece50%. Accorng to the information above, following Foolivery restructuring, the C HY notionwill closest to: 200 million 198 million 194 million A is correct.考点对C inx的理解,以及对Restructuring的理解解析C inx里面每一个成份都是等权重的,当某家公司发生Cret events之后,该公司就按照比例从该Inx去除,inx的Notionprincipal也按照比例下降。所以关键就是要确定该公司的Restructuring能否算作Cret event。Restructuring要算作Cret event需要满足两点,第一是由债权人强制公司 ( Forceon the borrower ),即公司被动地执行 ( involuntarily )。本题信息满足这两点,但是需要注意在美国Restructuring不能算作Cret event,而在欧洲Restructuring算作Cret event。因此本题的C HY notional不变。美国重组不是算在破产里面的吗?只有破产才会发生强制重组。这道题说强制重组那说明公司破产了咯?那既然破产了,难道不算发生信用事件吗?
NO.PZ2019011002000021 问题如下 Foolivery is a US company. The bon issuethis company are incluin the on-the-run C high yiel(HY) inx. TXT, a rivatives trang company sol$200 million of protection on this C inx anthe inx contains 100 entities. Recently, Foolivery is forceits cretors to involuntarily restructure on its bt, ana result, all outstanng principobligations will rece50%. Accorng to the information above, following Foolivery restructuring, the C HY notionwill closest to: 200 million 198 million 194 million A is correct.考点对C inx的理解,以及对Restructuring的理解解析C inx里面每一个成份都是等权重的,当某家公司发生Cret events之后,该公司就按照比例从该Inx去除,inx的Notionprincipal也按照比例下降。所以关键就是要确定该公司的Restructuring能否算作Cret event。Restructuring要算作Cret event需要满足两点,第一是由债权人强制公司 ( Forceon the borrower ),即公司被动地执行 ( involuntarily )。本题信息满足这两点,但是需要注意在美国Restructuring不能算作Cret event,而在欧洲Restructuring算作Cret event。因此本题的C HY notional不变。 Foolivery is a US company. The bon issuethis company are incluin the on-the-run C high yiel(HY) inx. TXT, a rivatives trang company sol$200 million of protection on this C inx anthe inx contains 100 entities. Recently, Foolivery is forceits cretors to involuntarily restructure on its bt, ana result, all outstanng principobligations will rece50%.Accorng to the information above, following Foolivery restructuring, the C HY notionwill closest to:老师您好,请问下这题sol$200 million of protection on this C inx anthe inx contains 100 entities,有个问题不是太懂,就是这个200 million是FOO家公司支付的保费吗?还有就是这题这个我和那个赔付的金额有点混在一起,请问这个赔付的金额是200/100*0.5吗?
NO.PZ2019011002000021 问题如下 Foolivery is a US company. The bon issuethis company are incluin the on-the-run C high yiel(HY) inx. TXT, a rivatives trang company sol$200 million of protection on this C inx anthe inx contains 100 entities. Recently, Foolivery is forceits cretors to involuntarily restructure on its bt, ana result, all outstanng principobligations will rece50%. Accorng to the information above, following Foolivery restructuring, the C HY notionwill closest to: 200 million 198 million 194 million A is correct.考点对C inx的理解,以及对Restructuring的理解解析C inx里面每一个成份都是等权重的,当某家公司发生Cret events之后,该公司就按照比例从该Inx去除,inx的Notionprincipal也按照比例下降。所以关键就是要确定该公司的Restructuring能否算作Cret event。Restructuring要算作Cret event需要满足两点,第一是由债权人强制公司 ( Forceon the borrower ),即公司被动地执行 ( involuntarily )。本题信息满足这两点,但是需要注意在美国Restructuring不能算作Cret event,而在欧洲Restructuring算作Cret event。因此本题的C HY notional不变。 答案是不是198?
请问是不是不管自愿还是非自愿的重组在US都不算信用事件,而只要是重组,不管自愿非自愿在欧洲都是信用事件?
Restructuring要算作Cret event需要满足两点,第一是由债权人强制公司 ( Forceon the borrower ),即公司被动地执行 ( involuntarily )答案只说了一点,还有另一点呢?