Valuation of debt instruments: standardise traded price, amortisation, and benchmark yield based valuation to reflect market conditions. Valuation is standardised by residual maturity and tradability: short residual securities are valued at weighted average traded price or amortization basis (floating rate with floors/caps amortised using the floor), while longer residual traded securities use weighted average traded price and non traded securities use a benchmark yield/matrix of spreads from agencies appointed by AMFI; securities outside the framework must be reported to AMFI and may be valued by AMC proprietary models approved by trustees and auditors until incorporated into the matrix.
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Valuation of debt instruments: standardise traded price, amortisation, and benchmark yield based valuation to reflect market conditions.
Valuation is standardised by residual maturity and tradability: short residual securities are valued at weighted average traded price or amortization basis (floating rate with floors/caps amortised using the floor), while longer residual traded securities use weighted average traded price and non traded securities use a benchmark yield/matrix of spreads from agencies appointed by AMFI; securities outside the framework must be reported to AMFI and may be valued by AMC proprietary models approved by trustees and auditors until incorporated into the matrix.
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