题目
An excess spread account incorporated into a securitization is designed to limit:
选项
A.credit risk.
B.extension risk.
C.contraction risk.
答案
A
解析
： A is correct. An excess spread account, sometimes called excess interest cash flow, is a form of internal credit enhancement that limits credit risk. It is an amount that can be retained and deposited into a reserve account and that can serve as a first line of protection against losses. An excess spread account does not limit prepayment risk, extension, or contraction. ： A是正确的。超额利差账户，有时称为超额利息现金流，是一种限制信贷风险的内部信用增级形式。这是一笔可以保留并存入准备金账户的金额，可以作为防止损失的第一道防线。超额利差账户不限制提前还款风险、延期或收缩。