问题如下：
In a securitization, the
collateral is initially sold by the:
选项：
A.
issuer.
B.
depositor.
C. underwriter.
解释：
B is correct. In a securitization, the loans or receivables are initially sold by the depositor to the special purpose entity (SPE) that uses them as collateral to issue the ABS.
A is incorrect because the SPE, often referred to as the issuer, is the purchaser of the collateral rather than the seller of the collateral.
C is incorrect because the underwriter neither sells nor purchases the collateral in a securitization. The underwriter performs the same functions in a securitization as it does in a standard bond offering.
请问 所以SPV和SPE是一个意思对不
