Hi @David Harper CFA FRM
One of the listed benefits of Securitisation is the Risk diversification via pooling of assets. However, isn't that benefit available irrespective of Securitisation since all those risk segments are present in Bank's Asset base even prior to securitization.
I am sure...
@David Harper CFA FRM - Hi David : While I understand that EL is linear and additive and is not impacted by Default correlations, Jonathan Golin's Chapter1 Second Edition, Page 24 mentions that "On a portfolio basis, a fifth variable, correlation between credit exposures within a credit...
David/Nicole- Sincerely appreciate your incessant support throughout the journey. Cleared Part1 and look forward to the next one. BT and its team does make a lot of difference to both aptitude and attitude towards taking the test. Best wishes.
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