QUESTION 14 Which of the following does NOT contribute to the fact (before the financial crisis) that SIV is a more lucrative model than SPV in generat? A Unlike SPV, SIV investors have no direct rights to the cash flows on the underlying loans in the portfolio B. SIV's ABCP obligations carry interest obligations that are independent of the cash flows from the underlying loan/asset portfolio, while SPV pays out what it receives from the underlying loans in the pool of assets backing the ABS. c. Whereas a SPV earns only the fee for the creation of the asset-backed securities, the SI earns an expected spread between highyielding assets and low: cost commercial paper. D.SIV invests in assets that are designed to generate higher returns than the SIV's cost of fund. E. If the assets in the underlying pool does not generate sufficient cash flows, the SIV is still obligated to make interest and principle payments on its debt instruments