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<h1>Winding up of schemes: redemption, legal maturity, or investor special resolution trigger trustee disposal and distribution obligations.</h1> Winding up of schemes occurs when securitised debt instruments are fully redeemed, upon legal maturity as stated in issue terms (with trustees disposing of any outstanding debt or receivable and distributing proceeds in accordance with the scheme), or by investor vote through a special resolution; trustees are responsible for realizing and distributing proceeds of outstanding receivables.