Enables an illiquid asset holder to obtain the standby letter of credit required for an Enhancement CPC™ investment (“Letter of Credit”) in reliance upon the high-quality liquid assets (“HQLA”) owned by a second party.

Operates like a standard Collateral Adapter, except the HQLA Sponsor is indemnified against loss by a participating insurance carrier in the event.

Constitutes a pool of capital that may be utilized by CSS to warehouse multiple CPCs™ or Enhancement CPCs™ that qualify for investment under a particular Trade Vault’s mandate; designed to deliver risk mitigated returns.