النتائج (
الإنجليزية) 3:
[نسخ]نسخ!
85Mitigate refinancing risk. Moody s identified different mechanisms that lead to different levels of mitigationFor refinancing and time subordination. The level of overcollateralisation at deal inception is a key parameterIn this respect. Even in CPTCBs, a fire-sale of the cover pool at high discount rates might occur, if OC levelsAre insufficient and as the breach of certain test, e.g. The amortisation test, may lead to an event of default.Additional key elements are the evaluation of swap agreements, servicing and counterparty risks as well asLegal risks (set-off risk, commingling risk, claw-back risk).CONCLUSION
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