State for each of the following statements about negative interest rates whether it is true or false:

1) Short-term negative interest rates are more common than long-term negative interest rates.

2) Pension funds can avoid negative interest rates for highly rated government bonds by investing in corporate bonds without ratings.

3) Securitization: The risk exposure from buying bonds of the originating bank and buying bonds of the Special Purpose Vehicle (SPV) is similar for investors.

4) Securitization: The bonds that the Special Purpose Vehicle (SPV) issues must have a lower seniority than the bonds that are issued by the originating bank.