|
- UID
- 218002
- 帖子
- 222
- 主题
- 129
- 注册时间
- 2011-5-25
- 最后登录
- 2012-9-12
|
2#
发表于 2011-7-11 19:54
| 只看该作者
| Not exactly my field of expertise, but I thought that PAC II tranches were created from the cash flows to the support tranche for the PAC I. That is, there are two tranches active at one time: the PAC I and its support tranche. Then once money goes to the support tranche there are two tranches active: the PAC II and its support. That means a PAC II acts like a PAC except that it is part of support so the answer to your question is something like "both". |
|
