Template:Repack programme - FWMD

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Top Trumps®
Financial Weapons of Mass Destruction®



Repack Programme


“It’s exotic, it’s Caribbean, it’s transformative — but somehow just not that exciting any more.”


Docs Propectus, agreements, supplements, swaps, global notes, side letters galore. Most exciting part: limited recourse. Yes: that exciting. 2
Amendability Bugger all, because of the trust structure. What? You think the Trustee’s going to take a view? 7
Collateral Fully funded. Note is fully collateralised. 4
Transferability In theory unlimited: cleared, dematerialised bearer notes. In practice? Forget about it. No-one wants your home-made espievie notes. 7
Leverage Not really. 3
Fright-o-meter CAYMAN ISLANDS DUDE! In reality, depends what you put in it, but mostly tame. 5

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