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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Servicer appointment: trustees must ensure proper accounts, operational capacity, and conflict-avoidance when originator services assets. Trustees must ensure any servicer-originator or third party-keeps proper accounts and has adequate operational systems and resources to administer the asset pool; servicer duties include obligor coordination and collections, cash flow and distribution administration and reinvestment, and management of incidental matters, and internal procedures must be adopted to avoid conflicts of interest when the originator is the servicer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Servicer appointment: trustees must ensure proper accounts, operational capacity, and conflict-avoidance when originator services assets.
Trustees must ensure any servicer-originator or third party-keeps proper accounts and has adequate operational systems and resources to administer the asset pool; servicer duties include obligor coordination and collections, cash flow and distribution administration and reinvestment, and management of incidental matters, and internal procedures must be adopted to avoid conflicts of interest when the originator is the servicer.
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