> For the complete documentation index, see [llms.txt](https://docs.opentrade.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.opentrade.io/stablecoin-yield-vaults/stablecoin-yield-vaults/eurc-collateralised-loan-obligations-vault.md).

# EURC Collateralised Loan Obligations Vault

## Summary 

This vault generates returns that track the performance of the Janus Henderson JCLO AAA-rated CLO ETF, offering a premium over the EURC Money Market Fund Vault returns without materially changing the risk profile of the underlying collateral. 

JCLO was chosen as the best investment product to gain exposure to EUR AAA-rated CLO tranches, as it is the largest ETF in this strategy with one of the longest track records, offering the most attractive liquidity and diversification characteristics, with fees and yield competitive compared to other available ETFs.

<table><thead><tr><th width="255">Vault</th><th width="475">Details</th></tr></thead><tbody><tr><td><strong>Vault Name</strong></td><td>EURC Collateralised Loan Obligations Vault</td></tr><tr><td><strong>Token Symbol</strong></td><td>XECLO</td></tr><tr><td><strong>Base Currency</strong></td><td>EURC</td></tr><tr><td><strong>Loan Term (number of days)</strong></td><td>Open-ended</td></tr><tr><td><strong>Interest Accrual</strong></td><td>Interest begins accruing immediately and compounds daily.</td></tr><tr><td><strong>Investments</strong></td><td>Invest anytime, <a href="/pages/1nzMqIa759KDemHLsYxo">vault tokens</a> minted immediately </td></tr><tr><td><strong>Withdrawals</strong> </td><td>Request anytime; T+1 if made before the cut-off time of 18:00 GMT, up to a maximum of T+2</td></tr><tr><td><strong>Legal Structure</strong></td><td>Leverages the same institutional grade <a href="/pages/J1YoOSiNKMAp0dqYi2XB">legal framework</a>, <a href="/pages/KgScQz6Jp7sYQgnGWnoH">bankruptcy remote structure</a>, and <a href="/pages/Y51u8U3BRzWpu81v5Jyo">regulated service providers and counter-parties</a> as our other OpenTrade Treasury Management &#x26; Yield Product. </td></tr></tbody></table>

## Eligible Collateral

<table><thead><tr><th width="334.529541015625">Type</th><th width="216.9947509765625">Rating (if applicable)</th><th>Target Allocation Weight (if applicable)</th></tr></thead><tbody><tr><td>Janus Henderson EUR AAA CLO Active Core UCITS ETF (JCLO)</td><td>AAA</td><td>99%</td></tr><tr><td>EURC</td><td>N/A</td><td>&#x3C;1%</td></tr><tr><td>EUR</td><td>N/A</td><td>&#x3C;1%</td></tr></tbody></table>

## Key Service Providers

<table><thead><tr><th width="269.36895751953125">Service Providers</th><th>Names</th></tr></thead><tbody><tr><td>Portfolio Manager</td><td>Five Sigma Finance</td></tr><tr><td>Asset Issuer(s)</td><td>Janus Henderson</td></tr><tr><td>Broker(s)</td><td>DMBL</td></tr><tr><td>Asset Custodian(s)</td><td>DMBL</td></tr><tr><td>Cash Management and Transaction Bank(s)</td><td>DMBL</td></tr><tr><td>Listing Exchange</td><td>London Stock Exchange</td></tr><tr><td>Stablecoin Custodian(s)</td><td>Circle</td></tr></tbody></table>


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://docs.opentrade.io/stablecoin-yield-vaults/stablecoin-yield-vaults/eurc-collateralised-loan-obligations-vault.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.