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三言午寺 · 2021年02月21日

题目问的是按照issuer的分类,可是结构化债券不属于按照issuer的分类(应该只有超国家、国家、公司那几个)吧?感觉结构化债券按照信用分级来分感觉更靠谱

NO.PZ2017121002000001

问题如下:

When classified by type of issuer, asset-backed securities are part of the:

选项:

A.

corporate sector.

B.

structured finance sector.

C.

government and government-related sector.

解释:

B is correct.

Asset-backed securities (ABS) are securitized debt instruments created by securitization, a process that involves transferring ownership of assets from the original owners to a special legal entity. The special legal entity then issues securities backed by the transferred assets. The assets’ cash flows are used to pay interest and repay the principal owed to the holders of the securities. Assets that are typically used to create securitized debt instruments include loans (such as mortgage loans) and receivables (such as credit card receivables). The structured finance sector includes such securitized debt instruments (also called asset-backed securities).

题目问的是按照issuer的分类,可是结构化债券不属于按照issuer的分类(应该只有超国家、国家、公司那几个)吧?感觉结构化债券按照信用分级来分感觉更靠谱

1 个答案

吴昊_品职助教 · 2021年02月22日

同学你好:

这道题是原版书R43课后题第四题,属于原版书修改前已经存在的题目。去年原版书对这个知识点做了调整(但是课后题的表述没有发生变化),讲义是跟着原版书做了调整的,但是大致考点是不变的。下图是之前讲义里关于这个知识点的截图。另外,也可以通过排除法来解题,ABS本身就是结构型的,不属于公司债也不是政府债,所以肯定选B,这个知识点等我们学完第四个reading也会更清楚。