rating: or (e) the Controlling Party has consented to treatment of the Collateral Obligation as a Credit Risk Obligation. "Credit Risk Obligation-: Any Collateral Obligation, that (a) in the Investment Manager's reasonable business judgment. has a significant risk of declining in credit quality or. over time. becoming a

ced to, or representing ownership of, a pool of receivables or other assets, including asset-backed securities. "Swapped Non-Discount Obligation": Any Collateral Obligation that would otherwise be considered a Discount Obligation, but that is purchased in accordance with the Investment Criteria with Sale Proceeds of a C