Repo participation by mutual funds: permitted on listed AA and above corporate debt, CPs and CDs; look through ratings apply. Mutual funds may enter repos on listed AA and above rated corporate debt securities, Commercial Papers and Certificate of Deposits. Credit exposure for regulatory metrics shall be assessed on a look through basis to the underlying securities' ratings. Repos with settlement guaranteed by a Clearing Corporation shall be excluded from single issuer, group issuer and sector investment limit calculations. Other prior conditions remain unchanged and the provisions are effective immediately.
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.
Repo participation by mutual funds: permitted on listed AA and above corporate debt, CPs and CDs; look through ratings apply.
Mutual funds may enter repos on listed AA and above rated corporate debt securities, Commercial Papers and Certificate of Deposits. Credit exposure for regulatory metrics shall be assessed on a look through basis to the underlying securities' ratings. Repos with settlement guaranteed by a Clearing Corporation shall be excluded from single issuer, group issuer and sector investment limit calculations. Other prior conditions remain unchanged and the provisions are effective immediately.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
