Which of the following is the benefit of issuing bonds through a specialpurpose vehicle?
　　A.Bankruptcyremoteness.
　　B.Beneficialtax treatments.
　　C.Greaterliquidity and lower issuing costs.
　　A iscorrect.
　　A SPV is abankruptcy-remote vehicle. Bankruptcy remoteness is achieved by transferringthe assets from the sponsor to the SPV. Once this transfer is completed, thesponsor no longer has ownership rights. If the sponsor defaults, no claims canbe made to recover the assets that were transferred or the proceeds from thetransfer to the SPV.

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