Reading 58: Asset-Backed Sector of the Bond Market Los e(part following, regarding, credit, least

youzizhang

 

LOS e, (Part 2): Describe the cash flow and prepayment characteristics for securities backed by student loans, SBA loans, and credit card receivables.

Q1. Which of the following regarding student loan asset-backed securities (SLABs) is least accurate?

A)   Federal Family Education Loan Program (FFELP) loans are guaranteed up to 98% of principal and accrued interest.

B)   The borrower makes no payment during the deferment period and no interest accrues.

C)   Alternative loans are securitized and guaranteed by the U.S. government.

 

Q2. Which of the following statements regarding student loan asset-backed securities (SLABs) is FALSE?

A)   Loan repayments are based on a reference rate plus a margin.

B)   Prepayments occur when government guarantees are paid in the case of defaults.

C)   Interest accrues on the loan during the deferment period.

 

Q3. Which of the following statements regarding Small Business Administration (SBA) loan-backed securities is least accurate?

A)   SBA loans are backed by the credit of the U.S. government.

B)   Most SBA loans are based on the prime rate.

C)   Prepayments on SBA loans are not passed through.

 

Q4. Which of the following statements regarding Small Business Administration (SBA) loan-backed securities is FALSE?

A)   Pooled SBA loans are fairly heterogeneous.

B)   Loan payments are based on the reference rate at the beginning of each period.

C)   The interest rate on SBA loans is reset monthly or quarterly.

 

Q5. Which of the following statements regarding credit card receivable-backed securities is FALSE?

A)   Credit card receivable-backed securities use a master trust structure.

B)   The cash flow to the pool of credit card receivables consists of finance charges, fees, and principal repayment.

C)   Credit card receivable-backed securities pay principal and interest each payment just like a mortgage-backed security.

 

Q6. Which of the following is referred to as principal-amortization period for a credit card receivable-backed security? The principal-amortization period is the period during which the:

A)   principal is reinvested.

B)   principal is no longer reinvested, but paid to investors.

C)   interest is reinvested.

 

Q7. Which of the following is TRUE concerning the early amortization trigger for a credit card receivable-backed security? An early amortization trigger leads to:

A)   credit card tranches being retired sequentially.

B)   partial default.

C)   the principal payments made by credit card holders being reinvested in receivables.

 

Q8. Which of the following is referred to as a lockout period for a credit card receivable-backed security? A lockout period is a specific period of time during which:

A)   credit card borrowers are not allowed to make repayments.

B)   interest payments made by credit card borrowers are retained by the trustee.

C)   principal payments made by credit card borrowers are retained by the trustee.

Correct answer is C)

苹果香蕉

我们永远擦肩(bonnie-li 原创)
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　　如果我们只是擦肩而过，有什么遗憾，如果牵手只是一场浪漫，爱过以后风轻云淡。现在才发觉得这首歌写出了我的心声。
　　
　　第一次和你想识，在公车上，在东门一起上车坐在一起，在东门中一起给两个抱小孩的妈妈让座，我们相对笑了一下，我想上海隆鼻最好的医院这就是我们缘分的开始吧，当时我在听着音乐，起来让位时手机掉到地上，你帮我捡的时候看了一下，说"在听刘德华的歌啊？我也喜欢他，他唱的歌很好听"。。后来你说你是被我的笑吸引了，再加上我也喜欢刘老大，因为大家有共同的爱好。
　　
　　你知道吗？我第一次见到你笑，真的很让我心动，在现实生活中我从来没有见过有男的可以笑的这么好看，有点天真有点可爱又有点大男人的笑，你应该算不帅的吧，可挺出众的，。
　　
　　你说我们很有缘，同一个站上车，同一个站下车，其实那时很多人，我是被上海整形专家人挤下车的，其实你下车的那站离我住的地方还差两个站，你又对我一笑说，好巧啊，你也住这边啊。这是你第二次对我笑，我冲口而出的话并不是回答你我是不是住这边，而是说"你笑的好好看"。上海整形美容你报答我的这句话是红脸又一笑。如何瘦脸
　　
　　第二天我和我妹去逛街，坐车又遇到了你，我不知是偶然还是真的缘分，而你又对我笑。
　　
　　连续几天，都和你相遇，让我相信了缘分的存在。
　　
　　你知道吗？你的笑真的让我很回味，我回到家还在想，那天我穿着高跟鞋走到脚都超泡泡了，可我觉得这是值得的，因为你对我说，要是明天我们还相遇的话，那我们做朋友好吗？
　　
　　过后我送表弟表妹去上学，其实我有特地注意一下你有没有在那里，后来听你说，你那天特地到那里去等我的，我骂你笨，这么冷的天在那里吹风，你说"只要可以和你在一起，我做什么都是愿意的"，我一向都不信这么短的时间会让一个人爱上另一个人。不过直到遇到你，我信了，因为我真的喜欢上你了。
　　
　　然后我相识，相知，再来是相爱，再后来又变成擦肩而过，我们在一起一个上海整形
星期后，突然发觉我们不再相爱，我们冷静，后来又形同陌路。
　　
　　这次的恋爱是我几次来最短暂的一次，我从来没有想过我可以在短短的时间认识一个人，然后和他相爱，再来分手，可能这就是生活吧。
　　
　　现在我坐公车的时候我都喜欢站着，想像有你在我身边的感觉。回忆我们在一起的点点滴滴。
　　
　　人和人在一起就像两辆公车，一下子肩并肩，一下子擦肩而过，我们应该说是这样吧，要不然我们也不会在公车上认识，从而在公车上分手。
　　
　　原来一开始我们就不应该有交集，我们只是陌路人，永远都是擦肩而过。
　　
　　
(责任编辑：终点)

璀璨

感月风吟多少事


.Jol249  
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kimijunghoon

哦哦

deqiang

Good.

LegendL

3X

沙胖胖

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powerhql

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suodi

[em50]

maxsimax

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