medium · Asset-Backed Securities regulatory
Under the Regulation AB II framework, what does the term 'Depositor' refer to?
- The consumer who takes out and repays the underlying auto loan or mortgage
- The bank that holds and administers the trust's cash accounts for investors
- The investor who ultimately contributes money into the asset-backed bonds issued by the trust
- The bankruptcy-remote entity that receives the loans and transfers them to the trust
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