商业银行管理彼得s罗斯英文原书第8版英语试题库chap009.docVIP

Chapter 9 Risk Management: Asset-Backed Securities, Loan Sales, Credit Standbys, and Credit Derivatives Fill in the Blank Questions 1. When a bank sets aside a group of income-earning assets and then sells securities based upon those assets it is ________________________ those assets. Answer: securitizing 2. Often when loans are securitized they are passed on to a _________________________ who pools the loans and sells securities. Answer: special purpose entity 3. A(n) _________________________ allows a homeowner to borrow against the residual value of their residence. Answer: home equity loan 4. _________________________ allow the bank to generate fee income after they have sold a loan. The bank continues to collect interest and principal from the borrowers and passes these collections to the loan buyers. Answer: Servicing rights 5. In a _________________________ an outsider purchases part of a loan from the selling financial institution. Generally the purchaser has no influence over the terms of the loan contract. Answer: participation loan 6. A(n) _________________________ is a contingent claim of the bank that issues it. The issuing bank, in return for a fee, guarantees the repayment of a loan received by its customer or the fulfillment of a contract made by its customer to a third party. Answer: standby credit agreement 7. A(n) _________________________ occurs when two banks agree to exchange a portion or all of the loan repayments of their customers. Answer: credit swap 8. A(n) __________________ guards against the losses in the value of a credit asset. It would pay off if the asset declines significantly in value or if it completely turns bad. Answer: credit option.  9. A(n) _________________________ combines a normal debt instrument with a credit option. It allows the issuer of the debt instrument to lower its loan repayments if some significant factor changes. Answer: credit linked note 10. The ___