题目内容

随着改革不断推进，必须（）,提高改革决策的科学性、增强改革措施的协调性。

A. 摸着石头过河
B. 试点探索、投石问路
C. 大胆试验、大胆突破
D. 加强顶层设计和总体规划

查看答案

搜索结果不匹配？点我反馈

更多问题

国家治理体系和治理能力是一个国家的（）的集中体现。

A. 制度和制度执行能力
B. 治国方略和实施能力
C. 治理目标和方法措施
D. 方针政策和执行能力

提出（）的改革目标，是我们党的重大理论和实践创新，解决了世界上其他社会主义国家长期没有解决的一个重大问题。

A. 建立社会主义市场经济体制
B. 以公有制为主体多种所有制经济共同发展
C. 积极发展混合所有制经济
D. 推进协商民主广泛多层制度化发展

我们党推进全面深化改革的根本目的，就是要促进社会公平正义，从而（）。

A. 解放和发展社会生产力
B. 解放和增强社会活力
C. 破除各方面体制机制弊端
D. 让改革发展成果更多更公平惠及全体人民

Section B – TWO questions ONLY to be attempted
The finance division of GoSlo Motor Corporation has made a number of loans to customers with a current pool value of $200 million. The loans have an average term to maturity of four years. The loans generate a steady income to the business of 10·5% per annum. The company will use 95% of the loan’s pool as collateral for a collateralised loan obligation structured as follows:
– 80% of the collateral value to support a tranche of A-rated floating rate loan notes offering investors LIBOR plus 140 basis points.
– 10% of the collateral value to support a tranche of B-rated fixed rate loan notes offering investors 11%.
– 10% of the collateral value to support a tranche as subordinated certificates (unrated).
In order to minimise interest rate risk, the company has decided to enter into a fixed for variable rate swap on the A-rated floating rate notes exchanging LIBOR for 8·5%.
Service charges of $240,000 per annum will be charged for administering the income receivable from the loans.
You may ignore prepayment risk.
Required:
(a) Calculate the expected returns of the investments in each of the three tranches described above. Estimate the sensitivity of the subordinated certificates to a reduction of 1% in the returns generated by the pool. (10 marks)
(b) Explain the purpose and the methods of credit enhancement that can be employed on a securitisation such as this scheme. (4 marks)
(c) Discuss the risks inherent to the investors in a scheme such as this. (6 marks)