A SPV (Special Purpose Vehicle) is issuing a CDO, made up of three different Tranches: AAA, A and B. The B-rated Tranche will assume the first 70% of the defaults, the A-rated Tranche the next 25% and the Tranche AAA the last 5% of defaults that impact the pool of assets. This structure involves... A redistribution of market risk across the pool of assets That the Asset Pool is made up of high-risk assets A redistribution of Credit Risk in the Asset Pool None of the above