1. SPV International Offset Mechanism Template
Borrower with
Right of setoff against PRC to the value of $120m for a total
Outstanding
Debt to PRC
[Banks or
Corporations]
Purchase of $40m of
PRC Obligation for $14m
consideration of $42m
Consideration
$42m
Special Purpose
Sponsor Vehicle Borrower with
35 Cents / Dollar People’s
Purchase of $40m Outstanding
Acting on
Possibly Domiciled
of PRC Obligation Debt to PRC Republic
Behalf of for $14m [Banks or
Sale of Bonds with in the Cayman Corporations]
of China
Individuals
Claim Value Islands
$120m
Purchase of $40m of
PRC Obligation for $14m
Borrower with
$120m Funding Outstanding
Debt to PRC
[Banks or
Corporations]
International
Bank
®
Sovereign Advisers