How does the Issuer deliverexposure to Reference Assets via DPA?

 Sequoia Specialist Investments Pty Ltd as the Issuer of structured investments obtains exposure to the Reference Assets (i.e. listed shares, ETFs, indices, managed funds etc) through the use of derivatives rather than a direct investment in the individual securities, ETFs, assets or investment markets itself.

Such derivatives may include swap agreements, options, futures, forward rate agreements and forward foreign exchange contracts. SSI enters into derivative contracts with international investment banks with a credit rating which is at least investment grade. The banks which are currently on the derivative panel of SSI include BNP Paribas, Citigroup, Goldman Sachs, Natixis, Bank of America Merrill Lynch, JP Morgan and Morgan Stanley