This calculation tells us that on average, Solarwind Company waited approximately 5 days to make collection of a sale on credit.

However, the reported profits on instruments such as mortgage-backed securities and the sale of credit default swaps did not reflect the long-term risks of those instruments.

Therefore, the research on the transfer of securitization is mainly about how to achieve the objective of "true sale" while ignoring the legal issues exist in our credit asset securitization practice.