The document discusses the potential impact of limited liquidity of a reference currency on the value of financial notes, particularly during adverse market conditions. It highlights the risk of impaired value of notes due to reduced liquidity on the Final Valuation Date, which could affect the Final Spot Rate for the Reference Currency.
documents/vol00010-efta01344610-pdf.pdf
{"document_date":"2013-10-29","document_type":"financial","document_subtype":"financial note","key_organizations":["HSBC USA Inc."],"reference_numbers":["DB-SDNY-0030265","SDNY_GM_00176449","EFTA01344610"]}