Short-Answer Questions:

a. What is cross-collateralization and how does it relate to cross-default protection?

b. What is a fusion conduit deal? What protective provisions are often included with such deals?

c. What is the difference between gross portfolio yield and net portfolio yield on a pool of credit card receivables?

d. What is a par value test and how is it used?

e. What is meant by an event of default in a CDO?