The Transferor Is Considered to Have Surrendered Control Over Its

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

A) The transferred assets have been isolated from the transferor.
B) Each transferee has the right to pledge or exchange the assets it received.
C) The transferor does not maintain effective control over the transferred assets through either repurchase or redemption agreements before maturity or the ability to cause the transferee to return the assets.
D) All of the above must occur.