In Australia, a Securitisation Program Must Have

question 49

Multiple Choice

In Australia, a securitisation program must have:

• A)a specifically created SPV, which is resident in Australia and which is not required to provide data to the Australian Prudential Regulation Authority (APRA)
• B)a specifically created SPV, which may or may not be resident in Australia and which is not required to provide data to the Australian Securities and Investments Commission (ASIC) under the Financial Statistics (Collection of Data) Act
• C)specifically selected assets (e.g.mortgages, receivables, etc.) backing its liabilities in the form of debt securities
• D)a specifically created SPV, which is resident in Australia, which is not required to provide data to the Australian Prudential Regulation Authority and have specifically selected assets (e.g.mortgages, receivables, etc.) backing its liabilities in the form of debt securities

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Definitions:

Intercultural Psychology

The study of the cultural factors that influence human behavior, thought processes, and emotions, highlighting cross-cultural interactions.

Filial Piety

A virtue of respect for one's parents, elders, and ancestors, emphasized particularly in many Asian cultures.

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Societies characterized by a strong emphasis on communal bonds, interdependence, and prioritizing the needs of the group over individual desires.

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