Assertion: fund's asset | /r/HasProperty | unencumbered liquid
Facets:
Source sentences:
text: In particular, the staff's position is that a TOB financing involves the issuance of a senior security by a fund unless the fund segregates unencumbered liquid assets (other than the bonds deposited into the TOB trust) with a value at least equal to the amount of the floaters plus accrued interest, if any.