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← Analyze the historical emergence of sustainable finance and assess how social, environmental, and regulatory milestones shaped its development
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1.Structural complexity risk
2.Liquidity risk
3.Prepayment risk
4.Underlying credit risk
1.Potential default of borrowers in the securitized portfolio, leading to principal losses and reduced cash flows
2.Difficulty selling securities without a significant discount on a sometimes thin secondary market
3.Opacity of multi-layered structures making it difficult to assess true risk
4.Early repayment of receivables, reducing effective duration and forcing reinvestment at potentially lower rates