The document discusses the risks and obligations associated with Synthetic Securities and Collateral Obligations. It highlights the lack of voting rights, credit risk, and potential conflicts of interest involving Synthetic Security Counterparties. It also covers the implications of Defaulted Obligations, including potential restructuring and limited liquidity. Additionally, it outlines the Ramp-Up Risk related to the acquisition of Collateral Obligations and the impact of market conditions on the Issuer's ability to meet Investment Criteria.
documents/vol00010-efta01365234-pdf.pdf
{"document_type":"legal","key_organizations":["Moody's","S&P","Issuer","Synthetic Security Counterparty","Collateral Manager","Initial Purchaser","Placement Agent"]}