Bankruptcy Remoteness

Bankruptcy Remoteness

By issuing and redeeming the USDO through OED, which is set up as a SAC, this affords USDO holders’ assurance that under the SAC Act of Bermuda:

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

2. All assets backing USDO will be kept in a segregated account separate and distinct from all other funds and assets of the general account of OED.

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

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