I can’t find a single reference to ABS, CMO, PAC, WAC, WAM, CPR, SMM, PSA, CDO, tranches etc in 2016 LOS. Is this a dream?
I think you refer to the chapter “Introduction to ABS” of the last year level II. I think i saw it in the level 1 this year ^^ Moreover, the level I has much less ethics than before (in the schweser)
Yes it was removed for the 2016 exam, thank the Gods.
Didnt we do it in 2015 L1?