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.