easy · Asset-Backed Securities
Which characteristic of an SPE prevents it from being considered the 'alter ego' of the originator?
- The SPE's board of directors is identical to the originator's board of directors.
- The SPE maintains corporate formalities, such as holding its own board meetings and keeping separate minutes.
- The SPE's sole source of funding is a direct revolving loan from the originator.
- The SPE uses the originator's logo on its investor reports.
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