李同学2019-03-19 09:00:20

03.单选题 收藏 标记 纠错 A BBB-rated corporation wishes to issue debt to finance its operations at the lowest cost possible. If it decides to sell a pool of receivables into a special purpose vehicle (SPV), its primary motivation is most likely to: A allow the corporation to retain a first lien on the assets of the SPV. B segregate the assets into a bankruptcy-remote entity for bondholders. C receive a guaranty from the SPV to improve the corporation’s credit rating. 查看解析 上一题 下一题 正确答案B 您的答案B本题平均正确率：72% Securitization难度：一般 推荐：      答案解析 allow the corporation to retain a first lien on the assets of the SPV. segregate the assets into a bankruptcy-remote entity for bondholders. receive a guaranty from the SPV to improve the corporation’s credit rating. 问：破产隔离的意思，是不是 比如传统的MBS,银行把loan卖给了spv，所以和spv就两清了，这时如果最终的还房贷的人还不上钱，投资者怎么找，一层一层的找 顶多找到spv，就不能再往上找了，也就是找不着银行的事，所以对于银行来说-叫破产隔离？ 另外：如果像这道题 ，是企业把应收账款 一旦卖给了 spv，就是只要有spv愿意接，相当于企业就已经 提前收回来了 这笔A/R，之后企业的 下游还的还不上钱，企业已经不care了，因为和我隔离开了，是这样吗？