The Court’s interpretation has serious ramifications for lenders holding third-party security. As they are not considered financial creditors, they cannot be members of the committee of creditors. Their subordinate position denies them the opportunity to have a say in the resolution plan, which may modify or wipe out their security interests. This disadvantage is partially offset in the case of lenders who have invoked the security, as they are guaranteed a minimum payout equal to the liquidation value of such security. However, lenders who have not invoked the security could suffer the loss of such security either partially or completely. Further, they may also not receive any payout, as the liability could be considered as contingent with only a notional value. Thus, the fundamental basis of the financing transaction will be undermined.