Securitisation conditions require limited obligor concentration, homogeneous asset pools, upfront payment and originator track record requirements. Securitisation issuance is governed by conditions requiring limited obligor concentration, homogeneous asset composition, fully paid-up instruments at issuance, and originator and obligor track records tied to the type of debt being securitised; the track record requirement is waived for originators regulated by the Reserve Bank of India, while the Board may relax obligor concentration limits and specify homogeneity criteria for different underlying debt or receivables.