Question: When securitising credit risk, a warehousing facility is: a. Use to hold and manager the mortgage on behalf of the special purpose vehicle after the

When securitising credit risk, a warehousing facility is:

a. Use to hold and manager the mortgage on behalf of the special purpose vehicle after the securities have been issued.

b. Used to establish the tranches of credit risk.

c. Used to hold the mortgage portfolio until they are sold to a special purpose vehicle.

d. Used to store liquidity in case of a cash flow timing problem.

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