Template:Repack programme - FWMD
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| 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 |