Question: Select from the option list provided the best match for each item about transfers of financial assets below. Each choice may be used once, more

Select from the option list provided the best match for each item about transfers of financial assets below. Each choice may be used once, more than once, or not at all.

Financial asset transfer itemAnswer

1 .

Transferor may be required to repurchase assets.

2 .

Transfer of receivables to a factor.

3 .

Sale of beneficial interests in a portfolio of mortgages.

4 .

Formal pledge of collateral.

5 .

Retailer benefits from prompt cash inflow and avoidance of bad debts.

6 .

Future revenues from fees, late charges, etc., are inadequate.

7 .

Collateral is asset of the transferor.

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