The Triaxx CDOs are:  Triaxx Prime CDO 2006-1, Ltd.; Triaxx Prime CDO 2006-2, Ltd.; Triaxx Prime CDO 2007-1, Ltd.; and Triaxx Funding High Grade I, Ltd.

Investments in the following securities are potentially eligible for a recovery:

The deadline for making a submission is March 12, 2021.

Your submission should include the following information and documentation:

1. A completed Claim Form, a copy of which is available on the ICP Fair Fund website at www.icpfairfund.com.

2. A detailed statement with supporting documentation, where relevant, pertaining to:

A. Background information about the investor entity, including information such as: the entity type (i.e., whether it is a bank, pension plan, insurance company, hedge fund, or other type of financial institution), the domicile of the entity, and the nature of the entity’s business;

B. An explanation of the investment in the Triaxx CDOs generally, including factors such as: when the initial investment was made and the tranche, the total amount of the investment, how long the investor held the investment, whether the assets purchased were incorporated into another CDO, and the investor’s strategy in connection with the Triaxx CDO investments; and

C. The investor’s role in the structured finance markets generally (e.g., investor’s percentage of total revenues earned from structured finance activities, investor’s activity in the market, whether the investor or any of its subsidiaries or affiliates acted as a collateral manager, issuer or arranger of structure finance products).

3. Disclosure of any cash flows relating to the Triaxx CDO investment received by the investor (including any parent entity, subsidiary or affiliate of the investor), and the dates and the amounts of such payments (e.g., interest payments, premium payments, principal repayments);

4. Disclosure of any lawsuits or other proceedings the investor pursued to recover losses from its investments in the Triaxx CDOs and any payments received by the investor (including any parent entity, subsidiary or affiliate of the investor) in connection with such lawsuits or proceedings; and

5. Disclosure of any other payments received by the investor (including any parent entity, subsidiary or affiliate of the investor) that constitute a recovery for the investor’s losses from its investments in the Triaxx CDOs (e.g., insurance recoveries).

You must provide all required documentation to support your claim of economic harm.

Your submission is made under statutory penalties of perjury under the laws of the United States of America.

Yes. You must submit information and documentation sufficient to enable a calculation of loss, which includes documentation of the original investment(s), interest payments received, principal repayments received, premium payments received, or any recoveries received as compensation for a loss suffered in connection with the misconduct alleged in the complaint. 

Please be sure the documentation supports and confirms the details provided in your submission and includes adequate identifying information to link the transactions detailed in the documentation to the investor (i.e., entity name and/or account number must appear on all documentation submitted).

Handwritten modifications to the documentation or self-generated schedules or statements will not be accepted.  Please do not send the originals of your supporting documentation; be sure to provide copies.

If you do not submit supporting documentation to verify the claimed transactions, we will be unable to determine whether you may be eligible for a recovery from the ICP Fair Fund.  You should do your best to submit a complete and accurate claim form with supporting documentation.  If we determine that we need additional information from you to determine whether or not you have demonstrated an economic loss, we may send to you a notice requesting such additional information.  You should promptly respond to that notice.  Unsupported transactions will not be eligible for a recovery from the ICP Fair Fund.

Until all submissions have been fully processed and a plan approved by the court, it is not possible to determine if any particular claimant will be determined eligible for a distribution under a court-approved plan.