Response to the following questions:
1. What are some of the key features of short-term loan sales?
2. Why are yields higher on loan sales than they are for similar maturity and issue size commercial paper issues?
3. What is the difference between loan participations and loan assignments?
4. Who are the buyers and sellers of U.S. loans? Why do they participate in this activity?
If possible, please give examples to better understand your response.