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)

感谢楼主

感月风吟多少事


.Jol249  
也给易安,也拟泛轻舟,凝眸,为艋。 ?K?K《东莱不似蓬莱远》 ?K?K霜敛。梅庄。 ?K?K旧时月色,三分照水,六分浮尘。你在水中央,不问广寒,不阅《小重山》怎样瘦脸。 ?K?K尘去。眉疏。 ?K?K尚有清音搁东莱,空遗恨,不成眠。赵郎心绝,怨不得王孙,还好,故乡尚在,炊烟未老。 ?K?K掩帘。续曲。 ?K?K蓬莱虽远,因梦常青,闭眼,千里之外,那美丽的马蹄声便跃窗而来…… ?K?K 《试灯无意思》 ?K?K易安,我底心上一抹微涟;我底一梦未尽,醒来,唇边依然留着你的名字,易安! ?K?K梦里,你把谁的名字镶在风中?之后,我把你的灵魂嵌于骨髓。你听:汩汩流淌的,还有我前世的守望。 ?K?Kv如何瘦脸我把守望塑成一座大山,你好似不能忆起我是谁?   ?K?K我是谁?我是你帘下挑灯之人,我是你泛舟采莲之人,我是你绿肥红瘦中的一粒雨声,我是你深深庭院中的一扇云窗…… 吸脂瘦身?K?K原谅你这么多年的失忆,好在这不是个春暖花开的时节,我便有了理由自我安慰:这样孤独伤感的夜晚,何尝也不是一种安祥的美好我愿意在做一颗种子,复活于你的记忆,让当时的轻风,打开你封冻的内心。此后,踏雪该有了心情?! ?K?K ?K?K《酒意诗情谁与共》 ?K?K红尘已深,灯花好无聊。 ?K?K你是以秋风的名义为谁请命的吧?锦瑟之后,腮上酒痕未干,你眼角的慌乱,泄露了你底何时的秘密? ?K?K不!逝者如斯,于风,于月,霜色满天早已不是秘密,又何需心存奢望,固执你奢望与谁相遇在那花开的时间? ?K瘦脸方法?K时间往往是用来敷衍那些美丽心情的。其实我隔了你千里万里,真是不该蹭开那本线装的书宋时的月啊,若能弥补我不经意的错误,就让光阴重新回到原来的地方吧。  copyright  ?K?K我知道在那些绚丽的光环之中必有春水经过,情潮也必将重复泛滥,然,爱情邂逅之后那些淡淡的忧伤,谁个又能复原,谁个又能当作从未来过…… ?K?K远处隐约传来钟声,那是青鸟撞击青铜的声音。晓鬓镜里,你的容颜依然未来,只是,案前不见了那沓留痕的诗笺,风从窗台拥挤进来,乱翻着早已发黄的书页。 ?K?K ?K?K《伴我情怀如水》 抽脂减肥?K?K不看你的眉,不想你的唇,不想你十指蔻丹,只恨你杏眼含春春更愁。 ?K?K春尚远,雪尚在对岸发芽。旧时琴瑟旧时茗,万里长烟人未还,谁在我驻足之前已经提前撤走?谁在我闻声之时立即后退?谁在我想起牵你手之刻迅速离开?