The document provides an overview of risks and considerations associated with TOB Senior Certificates, specifically for key client partners or US institutional investors. It outlines various risks such as Trigger Price Risk, DB Credit Risk, Tender Option Termination Events (TOTE) Risk, and TOB Senior Certificate Rate Risk. It also discusses Muni Bond Price Risks including Interest Rate Risk, Muni Market Spreads, Credit Spread, Liquidity Spread Risk, and Optionality/Callability. The document emphasizes the importance of understanding these risks and consulting with advisors before executing any transactions.
documents/EFTA01373779.pdf
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