The responsibilities of the ________ are to represent the interests of the bond classes by monitoring compliance with covenants and in the event of default to enforce remedies as specified in the governing documents.

Question

Quizplus · Accepted Answer

The responsibilities described in the question are those of a bond trustee. The originator is the entity that originates the loans or assets that are securitized, the SPV (Special Purpose Vehicle) is the entity that is created to hold the securitized assets, and the conduit is a type of SPV that serves as a pass-through entity for the securitized assets. None of these entities have the specific responsibilities described in the question.

The Responsibilities of the ________ Are to Represent the Interests