标题: true or false on asset backed securities [打印本页] 作者: dreampak 时间: 2011-7-13 15:56 标题: true or false on asset backed securities
the servicer's quality plays a much greater role in determining an asset backed security's rating than the firm's management quality does for a bond.作者: tikfed 时间: 2011-7-13 15:56
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Edited 1 time(s). Last edit at Wednesday, June 1, 2011 at 11:49AM by beingthatguy.作者: tianxin 时间: 2011-7-13 15:56
Management quality for a bond is same thing as economic policy for a sovereign debt.
Servicer for an ABS plays no role, as it doesn't lower credit risk/liquidity risk/prepayment risk.
So i'd say false.作者: genuinecfa 时间: 2011-7-13 15:56
pepp Wrote:
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> Management quality for a bond is same thing as
> economic policy for a sovereign debt.
>
>
> Servicer for an ABS plays no role, as it doesn't
> lower credit risk/liquidity risk/prepayment risk.
>
> So i'd say false.
The factor 2 of question #16 in CFAI 2011 mock pm was talking about the quality of the servicer?
If so, the servicer's quality seems playing some roles in the credit rating.
I chose B for that question作者: giorgio10 时间: 2011-7-13 15:56
the servicer for an ABS plays a larger role than the firms management作者: sameeragarwal 时间: 2011-7-13 15:56
pepp Wrote:
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> can someone pls explain this question, and what
> page to refer, and what chapter.
The question excerpted from CFAI 2009 mock AM #48.
The answer said it is a false statement, the reason as your explained.作者: Houjichasan 时间: 2011-7-13 15:56
who gives a shi* about the servicer's quality, all they are doing is collecting cash flows and pushing the cash around. Management of a corporation makes all sorts of decisions that affects the character/capacity/quality etc.. of a corporate bond作者: firat 时间: 2011-7-13 15:56
AndrewUNH Wrote:
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> who gives a shi* about the servicer's quality, all
> they are doing is collecting cash flows and
> pushing the cash around. Management of a
> corporation makes all sorts of decisions that
> affects the character/capacity/quality etc.. of a
> corporate bond
