Allocation of FII corporate debt limits on first-come first-served basis with short utilisation window for registered entities. A one billion US dollar tranche of corporate debt investment capacity was allocated to FIIs/sub accounts on a first come first served basis, subject to a per registered entity ceiling of Rs.249 crore; specific limits for named entities were listed in an Annexure. Allocations had to be utilised within eleven working days, with the utilisation deadline set as April 9, 2009.