> For the complete documentation index, see [llms.txt](https://docs.praa.ms/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.praa.ms/risk-factors/country-risks.md). # Country risks This section summarises information on the asset’s relative standing regarding country, infrastructure, legal, institutional and compliance risks. Here we consider such metrics as the country’s investor framework, how the asset is traded (OTC vs exchange-traded, the presence and quality of the CCP and CSD, the relative strength of pre-trade and post-trade infrastructure such as, for example, clearing houses and depositaries, centralised or not, etc.), the presence of compliance or legal risks when trading or safekeeping the asset or exercising of the rights connected to the asset (e.g., the right to rightfully and freely own the asset and receive cash flows in the stated currency, which could be impaired by sanctions or capital controls, for example), and general institutional and legal environment and standard business practices to protect the rights of the investor who owns this asset (e.g., voting, dilution, information disclosure). --- # 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.praa.ms/risk-factors/country-risks.md?ask=&goal= ``` `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.