Question

Which of the following is the key feature of the Security Receipts (SRs) issued by ARCs when acquiring stressed assets?

A SRs are issued only to individual investors and not institutional investors.
B SRs represent a combination of equity and debt, with high risks involved.
C SRs are always backed by government securities and thus have no risk.
D SRs can only be redeemed if the assets are fully recovered.
E SRs are typically issued for assets that have been securitized.
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