PF2 provides evaluations as an independent and disinterested third party.
An evaluation by PF2 is not intended to be regarded as an offer price for any security evaluated and should not be considered as a recommendation to buy or sell such security for the value assigned by PF2 in the evaluation.
In times of heightened liquidity, structured finance securities may be heavily traded, providing ready information on their market value. In times of diminishing liquidity and for most esoteric structured finance securities, determining a market value for structured finance securities may be more challenging. PF2's evaluation process conforms to requirements under Statement of Financial Accounting Standards Rule 157 (FAS 157) the measurement of fair value in an illiquid environment. Each PF2 evaluation constitutes an assessment, opinion, or estimation of the realizable sale value of a security upon liquidation in an orderly (as opposed to distressed or "forced") transaction as of a given date.
PF2 has established policies and procedures to maintain, among other things, the confidentiality of non-public information received during each analytic review.
PF2 does not provide accounting, tax or legal advice. Questions concerning accounting, tax or legal matters should be addressed by you to your advisors, accountants, tax advisors and/or legal counsel and we recommend that you seek such advice before taking any action.
An evaluation by PF2 is not intended to be regarded as an offer price for any security evaluated and should not be considered as a recommendation to buy or sell such security for the value assigned by PF2 in the evaluation.
In times of heightened liquidity, structured finance securities may be heavily traded, providing ready information on their market value. In times of diminishing liquidity and for most esoteric structured finance securities, determining a market value for structured finance securities may be more challenging. PF2's evaluation process conforms to requirements under Statement of Financial Accounting Standards Rule 157 (FAS 157) the measurement of fair value in an illiquid environment. Each PF2 evaluation constitutes an assessment, opinion, or estimation of the realizable sale value of a security upon liquidation in an orderly (as opposed to distressed or "forced") transaction as of a given date.
PF2 has established policies and procedures to maintain, among other things, the confidentiality of non-public information received during each analytic review.
PF2 does not provide accounting, tax or legal advice. Questions concerning accounting, tax or legal matters should be addressed by you to your advisors, accountants, tax advisors and/or legal counsel and we recommend that you seek such advice before taking any action.
