Interest Payment Account secures placement of interest due by the borrower in a designated account to ensure timely payments. The regulation defines Interest Payment Account as the account into which the borrower or issuer deposits the interest amount due on issued securities, ... Summary
Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
Interest Payment Account secures placement of interest due by the borrower in a designated account to ensure timely payments.
The regulation defines Interest Payment Account as the account into which the borrower or issuer deposits the interest amount due on issued securities, establishing a designated repository for funding interest obligations.
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