Wetherby Securities 2017 Limited


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The transaction is a synthetic balance-sheet commercial mortgage-backed securities transaction structured in the form of a financial guarantee. Lloyds (Originator, Servicer and Beneficiary) bought protection under a junior financial guarantee (JFG) for the first loss piece (FLP) from Wetherby Securities 2017 Limited but has not executed the contracts relating to the senior tranches (senior financial guarantee, SFG).

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