Which of the following statements about are true about securitization$?$

a$)$ By securitizating an Fls profitability becomes more fee$-$dependent than interest rate spread dependent

b$)$ By securitizating Fls is acting more like an asset broker than a traditional asset transformer

c$)$ No longer has to bear the illiquidity...

d$)$ Can downsize their illiquid assets...

e$)$ None of the above