商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap009Word文档下载推荐.doc

商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap009Word文档下载推荐.doc

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1. Whenabanksetsasideagroupofincome-earningassetsandthensellssecuritiesbaseduponthoseassetsitis________________________thoseassets.

Answer:

securitizing

2. Oftenwhenloansaresecuritizedtheyarepassedontoa_________________________whopoolstheloansandsellssecurities.

specialpurposeentity

3. A（n）_________________________allowsahomeownertoborrowagainsttheresidualvalueoftheirresidence.

homeequityloan

4. _________________________allowthebanktogeneratefeeincomeaftertheyhavesoldaloan.Thebankcontinuestocollectinterestandprincipalfromtheborrowersandpassesthesecollectionstotheloanbuyers.

Servicingrights

5. Ina_________________________anoutsiderpurchasespartofaloanfromthesellingfinancialinstitution.Generallythepurchaserhasnoinfluenceoverthetermsoftheloancontract.

participationloan

6. A（n）_________________________isacontingentclaimofthebankthatissuesit.Theissuingbank,inreturnforafee,guaranteestherepaymentofaloanreceivedbyitscustomerorthefulfillmentofacontractmadebyitscustomertoathirdparty.

standbycreditagreement

7. A（n）_________________________occurswhentwobanksagreetoexchangeaportionoralloftheloanrepaymentsoftheircustomers.

creditswap

8. A（n）__________________guardsagainstthelossesinthevalueofacreditasset.Itwouldpayoffiftheassetdeclinessignificantlyinvalueorifitcompletelyturnsbad.

creditoption.

9. A（n）_________________________combinesanormaldebtinstrumentwithacreditoption.Itallowstheissuerofthedebtinstrumenttoloweritsloanrepaymentsifsomesignificantfactorchanges.

creditlinkednote

10. The_________________________ofastandbyletterofcreditisabankorotherinvestorwhoisconcernedaboutthesafetyoffundscommittedtotherecipientofthestandbyletterofcredit.

beneficiary

11. A（n）_________________________guaranteestheswappartiesaspecificrateofreturnontheircreditasset.BankAmayagreetopaythetotalreturnontheloantoBankBplusanyappreciationinthemarketvalueoftheloan.InreturnBankAwilloftengetLIBORplusafixedspreadplusanydepreciationinthevalueoftheloan.

totalreturnswap

12. The________________________isthepartythatisrequestingastandbyletterofcredit.

accountparty

13. The__________________isthebankorfinancialinstitutionwhichguaranteesthepaymentoftheloaninastandbyletterofcredit.

issuer

14. A（n）_________________________isaloansalewhereownershipoftheloanistransferredtothebuyeroftheloan,whothenhasadirectclaimagainsttheborrower.

assignment

15. Anothertypeofloansaleisa（n）_________________________whichisashortdatedpieceofalongermaturityloan,entitlingthepurchasertoafractionoftheexpectedloanincome.

loanstrip

16. ArelativelynewtypeofcreditderivativeisaCDOwhichstandsfor__________________.

collateralizeddebtobligation

17. Insurancecompaniesareaprime__________ofcreditderivatives.

seller

18.A（n）isanover-the-counteragreementofferingprotectionagainstlosswhendefaultoccursonaloanorotherdebtinstrument.

creditderivative

19.A（n）isrelatedtothecreditoptionandisusuallyaimedatlendersabletohandlecomparativelylimiteddeclinesinvaluebutwantsinsuranceagainstseriouslosses.

creditdefaultswap

20.Therehasbeenanexplosionininrecentyears.Theseinstrumentsrestonpoolsofcreditderivativesthatmainlyinsureagainstdefaultsoncorporatebonds.Thecreatorsoftheseinstrumentsdonothavetobuyandpoolactualbondsbutcancreatetheseinstrumentsandgeneraterevenuesfromsellingandtradinginthem.

syntheticCDOs（Collateralizeddebtobligations）

21.Aratesthesecuritiestobesoldfromapoolofsecuritizedloanssothatinvestorshaveabetterideaofwhatthenewsecuritiesarelikelytobeworth.

creditratingagency

22.A（n）isanassurancethatinvestorswillberepaidintheeventofthedefaultoftheunderlyingloansinasecuritization.Thesecanbeinternalorexternaltothesecuritization