The document outlines Deutsche Bank's strategy for lending against non-standard collateral, specifically hard assets, through a 'put' structure. This allows investors to sell a put on the underlying asset at a discount to market value, with DB having the right to sell the asset to the investor at the strike price if the borrower defaults. The document details the risk, principal, term, strike price, and premium associated with this investment opportunity, and emphasizes that it is intended for institutional customers only.
documents/EFTA01192628.pdf
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