Fitch shall prohibit its analysts from making proposals or recommendations
regarding the design of structured finance products that Fitch rates. Consistent
with this prohibition, in assessing the credit risk of a structured finance
transaction, Fitch’s analysts may properly hold a series of discussions with an
issuer or its agents in order to: (1) understand and incorporate into their analysis
the particular facts and features of the structured finance transaction, and any
modification, as proposed by such issuer or its agents; and (2) explain to such
issuer or its agents the rating implications of Fitch’s methodologies as applied to
such issuer’s proposed facts and features.