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NEW QUESTION: 1
Which of the following describes rating transition matrices published by credit rating firms:
A. Expected ex-ante frequencies of migration from one credit rating to another over a one year period
B. Probabilities of ratings transition from one rating to another for a given set of issuers
C. Probabilities of default for each credit rating class
D. Realized frequencies of migration from one credit rating to another over a one year period
Answer: D
Explanation:
Explanation
Transition matrices are used for building distributions of the value of credit portfolios, and are the realized frequencies of migration from one credit rating to another over a period, generally one year. Therefore Choice
'd' is the correct answer.
Since they represent an actually observed set of values, they are not probabilities nor are they forward looking ex-ante estimates, though they are often used as proxies for probabilities. Choice 'a' and Choice 'c' are not correct. They include more than information on just defaults, therefore Choice 'b' is not correct.

NEW QUESTION: 2
Company A has a SaaS cloud that hosts their office suite software. Company B has an IaaS cloud that
provides all their server hardware, including the server hosting their office suite software. Which of the
following is a similarity between both company's clouds?
A. Software is hosted
B. Servers are on-site
C. Multiple servers are clustered
D. Backups synchronize with the hot site
Answer: D

NEW QUESTION: 3
What happens when you set the system status in a maintenance order to technically completed (TECO)?
(Choose two)
A. The system sets a deletion indicator for outstanding reservations.
B. The system sets a deletion indicator for purchase orders assigned to the maintenance order.
C. The system posts costs to the target account assignment.
D. The system sets a deletion indicator for outstanding purchase requisitions.
Answer: A,D