Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Valuation of debt securities: tighter amortization window, reference price threshold, and mandatory valuation and disclosure for sub investment grade. Amortisation based valuation for non traded short term money market and debt securities is confined to securities with reduced residual maturity; the amortised price must be compared to the average security level reference price provided by valuation agencies and used only if within a 0.025% threshold, otherwise adjusted. Securities rated below investment grade shall be valued at prices from valuation agencies or, pending such prices after a credit event, by applying agency indicative haircuts; traded prices lower than the post haircut or computed agency price must be used where applicable. Deviations by AMCs require recorded rationale, board/trustee reporting and immediate investor disclosure.
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.
Valuation of debt securities: tighter amortization window, reference price threshold, and mandatory valuation and disclosure for sub investment grade.
Amortisation based valuation for non traded short term money market and debt securities is confined to securities with reduced residual maturity; the amortised price must be compared to the average security level reference price provided by valuation agencies and used only if within a 0.025% threshold, otherwise adjusted. Securities rated below investment grade shall be valued at prices from valuation agencies or, pending such prices after a credit event, by applying agency indicative haircuts; traded prices lower than the post haircut or computed agency price must be used where applicable. Deviations by AMCs require recorded rationale, board/trustee reporting and immediate investor disclosure.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI Drafter - (New and Powerful) ✕
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
of 
TaxTMI 
