商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap009.doc

商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap009.doc

《商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap009.doc》由会员分享，可在线阅读，更多相关《商业银行管理彼得S.罗斯英文原书第8版-英语试题库Chap009.doc（17页珍藏版）》请在冰豆网上搜索。

Chapter9

RiskManagement:

Asset-BackedSecurities,LoanSales,CreditStandbys,andCreditDerivatives

FillintheBlankQuestions

1. Whenabanksetsasideagroupofincome-earningassetsandthensellssecuritiesbaseduponthoseassetsitis________________________thoseassets.

Answer:

securitizing

2. Oftenwhenloansaresecuritizedtheyarepassedontoa_________________________whopoolstheloansandsellssecurities.

Answer:

specialpurposeentity

3. A（n）_________________________allowsahomeownertoborrowagainsttheresidualvalueoftheirresidence.

Answer:

homeequityloan

4. _________________________allowthebanktogeneratefeeincomeaftertheyhavesoldaloan.Thebankcontinuestocollectinterestandprincipalfromtheborrowersandpassesthesecollectionstotheloanbuyers.

Answer:

Servicingrights

5. Ina_________________________anoutsiderpurchasespartofaloanfromthesellingfinancialinstitution.Generallythepurchaserhasnoinfluenceoverthetermsoftheloancontract.

Answer:

participationloan

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

Answer:

standbycreditagreement

7. A（n）_________________________occurswhentwobanksagreetoexchangeaportionoralloftheloanrepaymentsoftheircustomers.

Answer:

creditswap

8. A（n）__________________guardsagainstthelossesinthevalueofacreditasset.Itwouldpayoffiftheassetdeclinessignificantlyinvalueorifitcompletelyturnsbad.

Answer:

creditoption.

9. A（n）_________________________combinesanormaldebtinstrumentwithacreditoption.Itallowstheissuerofthedebtinstrumenttoloweritsloanrepaymentsifsomesignificantfactorchanges.

Answer:

creditlinkednote

10. The_________________________ofastandbyletterofcreditisabankorotherinvestorwhoisconcernedaboutthesafetyoffundscommittedtotherecipientofthestandbyletterofcredit.

Answer:

beneficiary

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

Answer:

totalreturnswap

12. The________________________isthepartythatisrequestingastandbyletterofcredit.

Answer:

accountparty

13. The__________________isthebankorfinancialinstitutionwhichguaranteesthepaymentoftheloaninastandbyletterofcredit.

Answer:

issuer

14. A（n）_________________________isaloansalewhereownershipoftheloanistransferredtothebuyeroftheloan,whothenhasadirectclaimagainsttheborrower.

Answer:

assignment

15. Anothertypeofloansaleisa（n）_________________________whichisashortdatedpieceofalongermaturityloan,entitlingthepurchasertoafractionoftheexpectedloanincome.

Answer:

loanstrip

16. ArelativelynewtypeofcreditderivativeisaCDOwhichstandsfor__________________.

Answer:

collateralizeddebtobligation

17. Insurancecompaniesareaprime__________ofcreditderivatives.

Answer:

seller

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

Answer:

creditderivative

19.A（n）isrelatedtothecreditoptionandisusuallyaimedatlendersabletohandlecomparativelylimiteddeclinesinvaluebutwantsinsuranceagainstseriouslosses.

Answer:

creditdefaultswap

20.Therehasbeenanexplosionininrecentyears.Theseinstrumentsrestonpoolsofcreditderivativesthatmainlyinsureagainstdefaultsoncorporatebonds.Thecreatorsoftheseinstrumentsdonothavetobuyandpoolactualbondsbutcancreatetheseinstrumentsandgeneraterevenuesfromsellingandtradinginthem.

Answer:

syntheticCDOs（Collateralizeddebtobligations）

21.Aratesthesecuritiestobesoldfromapoolofsecuritizedloanssothatinvestorshaveabetterideaofwhatthenewsecuritiesarelikelytobeworth.

Answer:

creditratingagency

22.A（n）isanassurancethatinvestorswillberepaidintheeventofthedefaultoftheunderlyingloansinasecuritization.Thesecanbeinternalorexternaltothesecuritization