SCHEMES OF SPECIAL PURPOSE DISTINCT ENTITIES - Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008
SCHEMES OF SPECIAL PURPOSE DISTINCT ENTITIES - Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008
Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter I PRELIMINARY
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Securitisation framework: definitions of entities, eligible assets, exclusions and investor facing obligations clarified. These Regulations define the securitisation framework: a special purpose distinct entity (a trust) acquires an asset pool of debt or receivables from an ... Summary
Securitisation framework: definitions of entities, eligible assets, exclusions and investor facing obligations clarified.
These Regulations define the securitisation framework: a special purpose distinct entity (a trust) acquires an asset pool of debt or receivables from an originator and issues securitised debt instruments or security receipts to investors. Key roles-originator, investor, servicer, trustee, sponsor, liquidity provider, valuer-are defined, along with eligible underlying assets and exclusions (no re securitisation or synthetic structures). Credit enhancement, clean up call option, minimum holding period, offer/offering forms and regulated activities are specified, and undefined terms borrow meanings from principal statutes and Reserve Bank guidance.
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