Dear Madam/Sir,

we need to fill the Annex SESV for a synthetic securitisation.
This securitisation has 4 credit-linked notes A-D (SESV3 Protection Type = CLKN). Is the template envisioned to have 1 row for these CLKN's or should 4 rows, so one for each of the credit linked notes, be reported?

So summing up again, is it the idea to report ONE row for each instrument CLKN, CDSX, TRES etc. or in case there are several instruments with the same protection type, should it be reported per instrument and not per instrument type?

Many thanks

Sören Iden, Hypoport BV