新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Fixed Income": re-purchase agreement
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
In a repurchase agreement, the repo margin will be lower the:
A、 higher the supply of the collateral.
B 、higher the quality of the collateral.
C、 lower the demand for the collateral.
Questions 2:
Which of the following is most likely a form of internal credit enhancement?
A、 Letter of credit
B 、Surety bond
C、 Overcollateralization
View answer resolution
【Answer to question 1】B
【analysis】
B is correct. The higher the quality of the collateral, the lower the difference between the market value of the security used as collateral and the value of the loan—that is, the repo margin.
A is incorrect because a higher supply of collateral would result in a higher repo margin.
C is incorrect because a lower demand for the collateral would result in a higher repo margin.
【Answer to question 2】C
【analysis】
C is correct. Overcollateralization is a form of internal credit enhancement in which more collateral is posted than is needed to obtain or secure financing. It provides an additional credit buffer in the event of default by providing more assets to repay the lender.
A is incorrect because a letter of credit is a credit line provided by a financial institution to reimburse any cash flow shortfalls from the assets backing the issue.
B is incorrect because a surety bond is a guarantee issued by a rated and regulated insurance company to reimburse investors for any losses incurred if the issuer defaults.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網安備 11010802044457號
