Which of the following best describes the benefits to the borrower of selling asset backed

Which of the following best describes the benefits to the borrower of selling asset backed

Which of the following best describes the benefits to theborrower of selling asset backed securities?A) Due to the portfolio effect, the borrower can package up lowquality accounts receivable and sell them for a premium price.B) The borrower trades future cash flows for current cashflows.C) The asset-backed security is likely to carry a high creditrating of AA or better.D) b and c are correct.?


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