Goldfinch Finance | Модуль 4 | Подсказки для теста
1. Each of the following entities is determined when structuring a loan, except:
2. A difference between a term loan and a revolving credit facility is that:
- A term loan follows a predetermined repayment schedule, whereas a revolving credit facility does not
3. If a borrower takes out a $1,000,000 term loan and is only able to pay back $200,000 at maturity, how much is the guarantor liable to pay?
4. If Loan A is Senior Secured, Loan B is Senior Debt and Loan C is Subordinated Debt, and they are all issued by the same company, which loan is most likely to have the highest coupon?
5. If Loan A is Senior Secured, Loan B is Senior Debt and Loan C is Subordinated Debt, and they are all issued by the same company, which loan is least likely to default?
6. Which of the options best describes a bullet loan:
- A bullet loan is one for which the entire principal is paid back at once as maturity
7. Interest payments on the Goldfinch protocol will happen
8. If a $2,000,000 loan is amortising in equal monthly instalments for the next 24 months, how much principal is repaid every month?
9. If the loan in the question in #8 had a 12% coupon, how much total interest would be paid over the next 24 months?
10. Loans on the Goldfinch protocol have:
11. The following are examples of real-world collateral, except:
12. Which of the following is not a type of covenant?
13. If a company has $15,000,000 in assets and $10,000,000 in liabilities - assuming the only liabilities the company has is long term debt - what is the company’s debt-to-equity ratio:
14. Which of the following financial covenants we might find in a transaction:
15. If the loan amount for a facility is $15,000,000, and the LTV for the loan is 80%, what is the minimum value of the collateral the borrower can pledge to the lender:
16. Which of the following is not a Portfolio Covenant we might find in a transaction?
17. The minimum cash requirement covenants represent:
- The minimum amount of cash a borrower is required to have in the bank during the course of a loan
18. Which of the following best describes a Term Sheet?
- A non-binding agreement that shows the basic terms and conditions of a loan
19. Which of the following best describes a Loan Agreement?
- A legally binding agreement that dictates the terms of a loan
20. Which of the following best describes a Guarantee Agreement?
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