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Basic Question 8 of 11
True or false?
A senior/subordinated structure in ABS means that all tranches of securities have an equal priority in receiving cash flows.
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe typical credit enhancement structures used in securitizations
CFA® 2024 Level I Curriculum, Volume 4, Module 18.