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Which of the following is the best description of cash reserve funds as an internal credit enhancement? Cash reserve funds are investments in:

A)
money market instruments created from securitizing mortgages.
B)
U.S. Treasury bonds created from issuance proceeds.
C)
money market instruments created from issuance proceeds.



Cash reserve funds are cash deposits that come from issuance proceeds. This excess cash provides for the establishment of a reserve account to pay for future losses. Cash reserve funds are usually used along with external credit enhancements.

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