1、Its basic structure reflects a state of coincidence of full liability of the direct liability-holder and the supplementary liability of the supplementary liability-holder.
2、For example, most of the original forms covered only contingent liability and did not cover a contractor's direct liability for professional services.
3、But avoiding this direct liability may be of little help for the banking industry as a whole, since when SIVs cannot get funding, they are forced to sell assets.
