The following applies with respect to asset-backed securities under the . Terms used in this section have the same meaning as in Item 1101 of Regulation AB ( § 229.1101 of this chapter).
(a) The depositor for the asset-backed securities solely in its capacity as depositor to the issuing entity is the “issuer” for purposes of the asset-backed securities of that issuing entity.
(b) The person in the capacity as the depositor specified in paragraph (a) of this section is a different “issuer” from that same person as a depositor for another issuing entity or for purposes of that person's own securities.