Which of the following is NOT a form of internal credit enhancement?
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A) |
Sequential-pay structure. | |
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B) |
A senior/subordinated structure. | |
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External credit enhancements are financial guarantees from third parties that generally support the performance of the bond. Internal credit enhancements do not rely on a third-party guarantee. They commonly include setting aside reserve funds and structures that contain senior and subordinated debt. | 
发表于 2010-4-21 13:28
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