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NEW QUESTION: 1
Jonathan Weil, CFA, is the managing director of Weil Capital Management (WCM). Weil has decided to reevaluate the asset backed security (ABS) positions in his investors' portfolios since a recent, and severe, credit problem in the subprime lending industry has had ripple effects on other fixed-income markets. Weil expects the interest rate term structure to remain flat, but shift upward as credit terms tighten. Weil has asked one of his analysts, Vanessa Ordon, to assist him in analyzing potential ABS investments, including some products he is unfamiliar with.
Ordon provides an assessment of ABS backed by auto loans, credit card receivables, and closed end home equity loans. Ordon has assembled the following information on the collateral, credit enhancements, and prepayment risk associated with each type of ABS.
Ordon has also assembled the following information on the structure of a closed end home equity loan (HEL) asset backed security. Ordon has presented the security to Weil as a potential investment opportunity, but Weil is concerned about its default and prepayment risks. The HEL ABS does not have a shifting interest mechanism.
Ordon has also developed an assessment of mortgage backed securities (MBS). Ordon has assembled the following information related to a mortgage backed security.
The prepayment speed on the home equity loan ABS has been constant at 200 PPC. If the prepayment rate suddenly increased to 350 PPC, which of the following tranches would have the largest contraction?
A. Tranche B.
B. Tranche C.
C. Tranche D.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
If the prepayment speed has been a constant 200 PPC (or 200% of the prospectus payment curve), then Tranches A, B, and C have been receiving principal payments as scheduled. This occurs since the prepayment speed falls within the PAC collar. Tranche D is a designated support tranche for the PAC tranches and will absorb excess prepayments in order to maintain the scheduled prepayments for the PAC tranches. This type of structure is known as prepayment tranching (i.e., one or more tranches absorbs faster or slower prepayments to decrease the prepayment risk of other tranches). The PAC II tranche (Tranche C) could potentially absorb a greater amount of prepayments since PAC II tranches also support the PAC I tranches. Since prepayments have been within the initial collar up to this point, however, it is less likely that excess prepayments would be large enough to wipe out Tranche D, thereby forcing Tranche C to absorb excess prepayments. Tranche D will have the greatest contraction since it has no prepayment protection mechanisms in place. (Study Session 15. LOS 56.b,e)
NEW QUESTION: 2
A customer has an IBM z13 and is using z/OS for XML file handling. This customer needs a solution which allows compression of large XML files in DEFLATE file format for cross platform data exchange with third parties.
What should be recommended to use as a Proof-of-Concept?
A. zEDC Express
B. 10 GbE RoCE Express
C. Flash Express
D. Compression Coprocessor on IBM z systems processor chip
Answer: B
NEW QUESTION: 3
Your network contains an Active Directory domain named contoso.com. The domain contains a main office and a branch office. An Active Directory site exists for each office.
The domain contains two servers named Server1 and Server2 that run Windows Server 2012 R2.
Both servers have the DHCP Server server role installed. Server1 is located in the main office site.
Server2 is located in the branch office site. Server1 provides IPv4 addresses to the client computers in the main office site. Server2 provides IPv4 addresses to the client computers in the branch office site.
You need to ensure that if either Server1 or Server2 are offline, the client computers can still obtain IPv4 addresses. The solution must meet the following requirements:
The storage location of the DHCP databases must not be a single point of failure. Server1 must provide IPv4 addresses to the client computers in the branch office site only if Server2 is offline.
Server2 must provide IPv4 addresses to the client computers in the main office site only if Server1 is offline.
Which configuration should you use?
A. A Network Load Balancing (NLB) cluster
B. Hot standby mode failover partners
C. A failover cluster
D. Load sharing mode failover partners
Answer: B
Explanation:
http://blogs.technet.com/b/teamdhcp/archive/2012/06/28/ensuring-high-availability-ofdhcpusingwindowsserver-2012-dhcp-failover.aspx Ensuring High Availability of DHCP using Windows Server 2012 R2 DHCP Failover The Hot Standby mode results in an Active-Passive configuration. You will be required to designate one of the two DHCP servers as the active server and the other as standby. The standby server is dormant with regard to serving client requests as long as the active server is up.
However, the standby server receives all the inbound lease updates from the active DHCP server and keeps its database up to date. http://blogs.technet.com/b/teamdhcp/archive/2012/09/03/dhcp-failover-hotstandbymode.aspx DHCP Failover Hot-Standby Mode In the previous blog on DHCP Failover, we discussed the DHCP failover load balance mode where both DHCP servers respond to client requests and load balance the requests between them based on an admin specified load distribution ratio. In the other mode of a failover relationship, known as the Hot-Standby mode (ActivePassive), only one of the servers actively leases IP addresses and option configuration to clients in given subnet(s)/scope(s) while the other server (standby) is passive.
The standby server services the clients, only in event of active server being down. The clients fallback to the active server once the active server becomes available again post the outage. The Load balance mode is more suited for single site deployment where the 2 DHCP servers in a failover relationship are co-located with the subnets/scopes being served by them. As the servers are in network proximity with the clients, the clients do not experience any latency while acquiring or renewing an IP address. Hot-Standby mode is more suited for multisite deployment topologies. Each site would have a local DHCP server which is configured to provide the DHCP service to the clients on the local network and DHCP server at a remote site would be standby server. In a normal state of operation, computers and devices on a given site receive IP addresses and other network configuration from the DHCP server located at the same site as the clients. However, in the event of the local DHCP server being down, the DHCP server from the remote site would provide the service to the clients. You could choose to deploy hot standby mode in a single-site deployment also if you need to.
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