|
- UID
- 223339
- 帖子
- 323
- 主题
- 45
- 注册时间
- 2011-7-11
- 最后登录
- 2013-9-13
|
In a defeasance, if a borrower makes a relevant payment to the lender to invest in a portfolio of Treasury securities, and generate cash flows to investors... what benefit does this serve?
Reducing prepayment risk and decreasing credit risk (since Treasuries are default-free securities)? |
|
发表于 2011-7-11 19:30
|