easy · Asset-Backed Securities
In a two-tier ABS structure, what is the role of the intermediate 'depositor' entity?
- To provide external credit enhancement through a surety bond or letter of credit
- To facilitate two independent true-sale events to strengthen the transaction's bankruptcy remoteness
- To serve as the primary servicer responsible for liquidating defaulted collateral
- To act as the Qualified Institutional Buyer (QIB) in a private 144A transaction
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