EFTA01092343Set 9
2007-01-17141p86,219w
Security, the Issuer will usually have a contractual
relationship only with the related Synthetic Security Counterparty, and not the reference entity on the Reference
Obligation. The Issuer generally will have ... subject to set-off
rights exercised by the reference entity against the Synthetic Security Counterparty or another person or entity, and
10
EFTA01092365
generally will not have any voting ... such Reference Obligation. In addition, in
the event of the insolvency of the Synthetic Security Counterparty, the Issuer will be treated as a general creditor of
such Synthetic Security Counterparty
https://www.justice.gov/epstein/files/DataSet%209/EFTA01092343.pdf
EFTA00596126Set 9
2007-01-18183p86,669w
Expense Reserve Account 140
Section 10.5 Revolving Reserve Account: Ramp-Up Account; Synthetic Security
Counterparty Accounts; Synthetic Security Issuer Accounts 140
Section 10.6 Accountings 144
Section 10.7 Release of Collateral ... Payment Account, (ii) the Collection Account, (iii) the Revolving
Reserve Account, (iv) the Synthetic Security Counterparty Accounts (subject to the rights of any
Synthetic Security Counterparty in any such Synthetic ... Step-up Obligation.
(p) In the case of a Synthetic Security, the Synthetic Security Counterparty or
issuer, as the case may be, has a long-term senior unsecured rating
https://www.justice.gov/epstein/files/DataSet%209/EFTA00596126.pdf
Synthetic Security that may require the Issuer to secure
its obligations to the Synthetic Security Counterparty, the Trustee shall establish a
segregated trust account which shall be designated ... Synthetic Security
Counterparty Account" for the benefit of the related Synthetic Security
Counterparty.
(ii) As directed by the Collateral Manager, acting as agent on behalf of
the Issuer, the Trustee ... Principal Collection Subaccount or
Ramp-Up Account, if applicable, and deposit into each Synthetic Security
Counterparty Account the amount required to secure the obligations of the Issuer
in accordance with
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01376440.pdf
Aggregate Principal Balance of Synthetic Securities or participation
interests with a particular Synthetic Security Counterparty. or selling institution, as the case may
be, may not exceed the respective percentage ... term senior unsecured rating by
Moody's or S&P Rating of such Synthetic Security Counterparty or selling institution (using the
limit for the lower of such ratings, if different ... specified in the table below (using the lower of such ratings for a
Synthetic Security Counterparty or selling institution, if different) shall not exceed the percentage
of the Collateral Principal
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01365263.pdf
Moody's
Recovery Rate and the S&P Recovery Rate will be used).
"Synthetic Security Counterparty": An entity (other than the Issuer) required to make payments on a
Synthetic Security ... Payment Account, the Ramp-Up Account, the Revolving Funding Reserve Account, the Synthetic Security
Counterparty Account(s) and the Synthetic Security Issuer Accoun(s), collectively.
"Trustee": Wells Fargo Bank. National
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01365321.pdf