能否解释一下这个知识点和3个选项？有些忘记了

问题如下：

For an issuer, which of the following outcomes is most likely after offering a credit card ABS?

选项：

A.

Increased cost of funding

B.

Increased income from fees

C.

Increased cost of default risk

解释：

Correct Answer: B

A credit card ABS generates additional fee income. A is incorrect because by removing the credit card debt from the balance sheet, ABS issuance improves capital efficiency and lowers the cost of funding. C is incorrect as the ABS also reduces the cost of default risk from credit card debt.