Master Asset Vehicle I

MAVI is a bankruptcy-remote special-purpose entity established as a trust under the laws of the province of Ontario. MAVI’s powers are limited to the purchase and administration of interests in non-levered, nonsynthetic assets (traditional assets); LSS CDO assets; and fully funded CDO transactions, and to the issuance of Class A-1 Notes, Class A-2 Notes, Class B Notes and Class C Notes. MAVI was established as part of the restructuring of certain Canadian third-party asset-backed commercial paper (ABCP) trusts under the Montréal Accord.