问题如下:
The following statements are about the term
structure of available assets, which of the following is NOT correct?
选项:
A.
The TSAA is affected by purchases, when the
asset expires, the TSAA records a reduction to zero of its availability, since
it no longer exists.
During the life of the asset,
the availability is affected by total or partial selling of the position.
The TSAA is not affected by
Repos.
Payments by the asset during the repo agreement belong to the bank, so that the
TSECF and in the TSECCF are not affected in any way.
解释:
考点:对The Term Structure of Expected
Liquidity,Cash Flows at Risk,TSLaR的理解
答案:C
解析:
Repo transactions会降低TSAA,因为一旦进入Repo,债券将会被抵押出去,无法卖出该抵押品。C选项改成正确的为:
Although the asset is still owned by bank,
its possession passes to counterparty. It cannot either be sold or used as
collateral until the end when it is returned
Payments by the asset during the repo agreement belong to the bank, so that the TSECF and in the TSECCF are not affected in any way.
这个选项是不是应改成are affected,repo期间债券期间产生的现金留还是归属银行,所以还是会影响TSECF和TSECCF