The transferor is considered to have surrendered control over its receivables if:

Question

Quizplus · Accepted Answer

All of these factors must occur for the transferor to be considered to have surrendered control over its receivables. The assets must be isolated from the transferor, each transferee must have the right to pledge or exchange the assets, and the transferor cannot maintain effective control over the transferred assets through repurchase or redemption agreements or the ability to cause the transferee to return the assets.

The Transferor Is Considered to Have Surrendered Control Over Its