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Every financial transaction has a transferee and the transferor, and everyone concedes the CLO is the transferee, since the manager is acting on behalf of the CLO, as its agent, it is acting as the transferee not transferor.

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    Quiz

    Are you a quotes master?

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    In which movie does this quote appear: "I don't like violence, Tom. I'm a businessman; blood is a big expense"?
    A Rush Hour
    B Ocean's Eleven
    C The Godfather
    D Blade