> For the complete documentation index, see [llms.txt](https://t-blocks.gitbook.io/t-blocks-documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://t-blocks.gitbook.io/t-blocks-documentation/overview/key-concepts-and-terminology.md).

# Key Concepts & Terminology

Before reading further, these ten terms are essential. Each is defined in full in the[ Glossary](https://claude.ai/chat/bbf8ef93-8471-418b-b238-b12e47611f29#glossary).

| **Term**                              | **Definition**                                                                                                                                                                                                                                                                                                               |
| ------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Securitisation Fund                   | A fonds de titrisation — an unincorporated contractual co-ownership scheme subject to the Luxembourg Securitisation Law of 22 March 2004. T-Blocks Trio Fund is a Securitisation Fund.                                                                                                                                       |
| SubFund                               | A separate co-ownership within the Fund, created for each issuance. Each SubFund has its own ring-fenced assets, liabilities, and creditor hierarchy. SubFunds are legally independent — one SubFund can be liquidated without affecting any other.                                                                          |
| Ring-Fencing                          | The legal separation of SubFund assets. Assets allocated to a SubFund are exclusively available to that SubFund's unitholders, noteholders, lenders, and creditors. No cross-contamination between SubFunds.                                                                                                                 |
| Management Company                    | T-Blocks International SARL. The entity that creates, administers, and manages the Fund and its SubFunds, acting in its own name but on account of the Fund.                                                                                                                                                                 |
| Management Regulations                | The governing document of the Fund, establishing rules for all SubFunds. Deposited with the RCS Luxembourg.                                                                                                                                                                                                                  |
| Specific Management Regulations (SMR) | Separate regulations prepared for each SubFund, detailing the characteristics, terms, and rules applicable to that SubFund. In case of conflict with the Management Regulations, the SMR prevails.                                                                                                                           |
| Units                                 | Co-ownership participations in the Fund (Fund Units) or in a specific SubFund (SubFund Units). Units represent an investor's proportional interest in the relevant assets.                                                                                                                                                   |
| Notes                                 | Financial instruments issued under a particular SubFund. Under Luxembourg law (article 64 of the Securitisation Law 2004), Notes rank pari-passu with Units.                                                                                                                                                                 |
| ISIN                                  | International Securities Identification Number. A 12-character alphanumeric code that uniquely identifies a security. T-Blocks instruments are ISIN-coded, making them compatible with standard banking, custody, and settlement infrastructure.                                                                             |
| Dual-Rail Distribution                | T-Blocks distribution model. Every instrument is accessible through two channels: (1) the ISIN / Banking Rail (traditional custody, Euroclear/Clearstream settlement optionality, broker-dealer distribution) and (2) the Digital Primary Market (blockchain-settled, tokenized, accessed through regulated digital venues). |