The document outlines a financial strategy by Deutsche Bank (DB) involving lending against non-standard collateral, specifically hard assets. It describes a 'put' structure where investors can purchase a put option on these assets at a discount. If the borrower defaults, DB can sell the asset to the investor at the strike price. If not, the investor keeps the premium. The document includes indicative terms for such transactions.
doj/DataSet10/EFTA01455444.pdf
{"document_type":"correspondence","document_subtype":"memo","key_organizations":["Deutsche Bank","Deutsche Asset & Wealth Management"],"reference_numbers":["DB-SDNY-0114205","SDNY_GM_00260389","EFTA01455444"]}