Enhancement Through
Insurance and
Structural Subordination
Credit Enhancement
The Fund enhances the credit profile of its underlying investment portfolio via the use of insurance and Structural Subordination.
Trade Credit Insurance (TCI) is used to cover payment obligations arising in connection with business-to-business trade.
Structural Subordination also known as “first-loss” protection is available to all Noteholders, with a Series Notice requirement minimum of at least 10%.
TCI and Structural Subordination are not used as substitutes for sound credit decisions, please see the Risk Management section of this website for further information.
