![TER](/sites/default/files/styles/detalle_notas/public/imagen_producto/Cartera%20comercial%20TER.png?itok=aZRmsGfs)
Securities are backed by guaranteed credit-backed debt originated by second tier banks. Securities are tied to the consumer price index (IPC). Securities have a 12-year maturity term and a AAA rating. Prepayment risk is mitigated through the possibility to purchase loans that meet the eligibility criteria initially defined. Securities are traded in the Bolsa de Valores de Colombia.