请问B为什么不对？

问题如下：

In a securitization, the special purpose entity (SPE) is responsible for the:

选项：

A.

issuance of the asset-backed securities.

B.

collection of payments from the borrowers.

C.

recovery of underlying assets from delinquent borrowers.

解释：

A is correct.

In a securitization, the special purpose entity (SPE) is the special legal entity responsible for the issuance of the asset-backed securities. The servicer, not the SPE, is responsible for both the collection of payments from the borrowers and the recovery of underlying assets if the borrowers default on their loans.

考点：资产证券化

解析：在证券化中，SPE负责发行ABS，故选项A正确。服务机构(而不是SPE)负责从借款人收取款项，并在借款人违约时收回基础资产，故选项B、C均不正确。