The focus in an asset- backed securities CDS is on the cash-paying ability of the collateral and

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The focus in an asset- backed securities CDS is on the cash-paying ability of the collateral and not on bankruptcy. Why?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:53 AM

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The focus in an asset- backed securities CDS is on the cash-paying ability of the collateral and

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CDS are written on assetbacked securities ABS and referred to as ABS CDS As explained in Chapters 13 ...View the full answer

Bond Markets Analysis and Strategies

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