_:n0f1c71af3d7a448e99bc0fac1c4cdaebxb40
<http://schema.org/text>
"<p><strong>UBS Switzerland AG is the sole borrower</strong> (principal) in respect of the ETF and guarantees all contractual duties. To protect the ETF against UBS counterparty risk, UBS Switzerland AG provides collateral according to stringent FINMA regulations (Collective Investment Schemes Ordinance).<br></p>"
<https://www.ubs.com/global/en/assetmanagement/capabilities/etfs.html>