SIVs Raise Funds by ______ and Then Use the Proceeds

SIVs raise funds by ______ and then use the proceeds to ______.

A) issuing short-term commercial paper; retire other forms of their debt
B) issuing short-term commercial paper; buy other forms of debt such as mortgages
C) issuing long-term bonds; retire other forms of their debt
D) issuing long-term bonds; buy other forms of debt such as mortgages