備考FRM考試，對于FRM真題考生是很有必要做的，尤其是近幾年的FRM真題。下面是小編列舉的相關真題，希望對你有所幫助！

In a securitized transaction, over-collateralization results when:

A) The originator puts aside some cash in a reserve account to absorb credit losses.

B) Asecuritization transaction carves up the cash flows generated from the asset pool into various pieces.

C) The interest payments and other fees received on the assets in the pool exceed the interest payment made on the asset-backed security (ABS) plus the fee paid to service the assets along with miscellaneous expenses.

D) The value of the assets in the pool exceeds the amount of asset-backed security(ABS) involved

答案：D

解析：A. Stands for cash reserve account

B. Definition for subordinated tranching

C. Mentions about excess spread

D. Is correct defines over collateralization

Which of the following is an example of internal enhancements?

A) CDS

B) Put options on assets

C) Overcollateralization

D) Letters of credit

答案：C

解析：Internal enhancements include: overcollateralization, direct equity issue, holdback, cash collateral account (CCA), excess spread.

External credit enhancement include, insurance, and guaranties, letters of credit, CDS, put options on assets.

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