Which of the Following Statements About Direct Credit Substitutes Provided

Which of the following statements about direct credit substitutes provided by a commercial bank is incorrect?

A) They are provided to support a client's financial obligations.
B) An example of a direct credit substitute is a bank guarantee.
C) The bank provides funding to a third party instead of the client providing the funding.
D) With a direct credit substitute a bank's client can raise funds directly from the financial markets.