Regulation 14 - Credit enhancement and liquidity facilities
Securities And Exchange Board Of India (Issue And Listing Of Securitised Debt Instruments And Security Receipts) Regulations, 2008 Chapter IV SCHEMES OF SPECIAL PURPOSE DISTINCT ENTITIES
Contents
Notifications
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Credit enhancement and liquidity facilities: conditions for liquidity providers and disclosure requirements govern use and limitations. The regulation permits credit enhancement and use of a liquidity facility by special purpose distinct entities subject to full disclosure and detailed ... Summary
Credit enhancement and liquidity facilities: conditions for liquidity providers and disclosure requirements govern use and limitations.
The regulation permits credit enhancement and use of a liquidity facility by special purpose distinct entities subject to full disclosure and detailed conditions: the provider must be regulated, the facility separately documented and arms length, fees not subordinated, limited in amount and duration, restricted to specific drawdown circumstances with priority on cash flows once drawn, and prohibited from serving as permanent support or funding recurring or final investor payments; non compliance causes the facility to be treated as credit enhancement.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.