Credit/Counterparty risk. 6.3.2.2.1 Investors in an ETF that uses synthetic replication are also exposed to the credit risk of the counterparty that provides the fund with indirect access to the market or index. If the fund buys a structured note that replicates the index performance, it is subject to the credit risk of the note issuer.
Appears in 7 contracts
Samples: Securities Account Agreement, Securities Account Agreement, Securities Account Agreement
