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
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Securitisation conditions impose concentration limits, homogeneity, upfront payment, and track record requirements for securitised debt instruments. Conditions governing securitisation require that no obligor hold more than twenty five percent of the asset pool, the pool be homogeneous, and securitised ... Summary
Securitisation conditions impose concentration limits, homogeneity, upfront payment, and track record requirements for securitised debt instruments.
Conditions governing securitisation require that no obligor hold more than twenty five percent of the asset pool, the pool be homogeneous, and securitised debt instruments be fully paid up upfront. The originator and obligor must each have a three financial year track record in the relevant type of debt or receivable proposed to be securitised. These conditions do not apply where the originator is regulated by the Reserve Bank of India, and the concentration limit may be relaxed by the Board.
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