Question: A retailer offers loans to customers to finance purchases of high-priced merchandise. If a customer defaults on a loan, the retailer will repossess and resell the merchandise. The retailer securitizes USD 30 million of these loans by selling them to a special purpose vehicle (SPV). Subsequently, the SPV will sell asset-backed securities (ABS) to investors. Based on this information, for the ABS, which of the following descriptions is most appropriate? A The retailer is the issuer. B The SPV is the depositor. C The merchandise financing loans are the collateral.