Even when the collateral itself can be defaultable (as with corporate bonds), the credit risk is strongly mitigated if the credit quality of the bonds is sufficiently high.
Zelfs wanneer het onderpand zelf niet zonder debiteurenrisico is (zoals het geval is bij bedrijfsobligaties), wordt het kredietrisico aanzienlijk beperkt als de kredietwaardigheid van de obligaties voldoende hoog is.
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