Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



#asset #backing #collateral #fixed #income #or #ranking #seniority
By lowering credit risk, collateral backing increases the bond issue’s credit quality and decreases its yield.
If you want to change selection, open document below and click on "Move attachment"

3.1.3.1. Seniority Ranking
e debt repayment in the case of default. In contrast, unsecured bonds have no collateral; bondholders have only a general claim on the issuer’s assets and cash flows. Thus, unsecured bonds are paid after secured bonds in the event of default. <span>By lowering credit risk, collateral backing increases the bond issue’s credit quality and decreases its yield.<span><body><html>


Summary

statusnot read reprioritisations
last reprioritisation on suggested re-reading day
started reading on finished reading on

Details



Discussion

Do you want to join discussion? Click here to log in or create user.