Bankruptcy Remoteness

By issuing and redeeming PRISM through OED, which is set up as a segregated accounts company (“SAC”), this affords PRISM holders’ assurance that under the SAC Act of Bermuda:

There is a mandatory segregation of assets and liabilities of the PRISM assets from the general accounts of OED.

All assets backing PRISM will be kept in a segregated account (“SAC PRISM”), separate and distinct from all other funds and assets of the general account of OED or its other product USDO held with its SAC USDO.

OED, its shareholders and its other creditors shall have no recourse or right to the assets and properties of the segregated account.

The segregated account cannot be used with respect to the obligations of the general account of OED or its other SACs (including SAC USDO) or any other persons, whether during the insolvency, bankruptcy or financial impairment of OED, its shareholders, or affiliates, or otherwise.