问一道题：NO.PZ2018062020000036

问题如下：

When the collateral manager fails pre-specified risk tests, a CDO is:

选项：

deleveraged by reducing the senior bond class.

restructured to reduce its most expensive funding source.

liquidated by paying oﬀ the bond classes in order of seniority.

解释：

A is correct. When the collateral manager fails pre-specified tests, a provision is triggered that requires the payoﬀ of the principal to the senior class until the tests are satisfied. This reduction of the senior class eﬀectively deleverages the CDO because the CDO’s cheapest funding source is reduced.

b选项和c选项是什么意思？

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1 个答案

WallE_品职答疑助手 · 2020年09月18日

B说要重构CDO

C说要清偿CDO

这2个都与本题无关，相当于废话，您可以参考书上的原话，只包含A。

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问一道题：NO.PZ2018062020000036

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