yttrium- please respond, page-4

That is interesting, Blackrivered. My action was to reply as follows:



1.2 Limited recourse Loan
The Loan is a limited recourse facility whereby the
recourse of UBS against the Holder is limited to the
total amount received by UBS on disposal of the
Underlying Parcel relating to the UBS SFI held by the Holder (whether by exercising a power of sale or
otherwise). UBS will not take any action against the
Holder in relation to the Loan to recover any amount
beyond enforcing the Security Interest or otherwise in
accordance with the Instalment Deed. This clause 1.2
does not apply to a Holder’s liability to pay any TFN
Amount to UBS."


So the claim that the suffix ca implies a fixed liability security is false: it gives no indication of the extent of liability.>

To my knowledge this is true. Could you link me to the site which claimed that the liability could be pursued beyond the value of the securities? From what I have read, the fixed liability security seems to be a feature of road infrastructure projects.