Credit enhancement mechanisms defined to include subordination, guarantees and over collateralisation as support for municipal debt securities. Credit Enhancement is defined as any arrangement improving creditworthiness or payment assurance for municipal debt securities, including subordination, ... Summary
Securities and Exchange Board of India (Issue and Listing of Municipal Debt Securities) Regulations, 2015
Credit enhancement mechanisms defined to include subordination, guarantees and over collateralisation as support for municipal debt securities.
Credit Enhancement is defined as any arrangement improving creditworthiness or payment assurance for municipal debt securities, including subordination, insurance, letter of credit, over-collateralisation, undertakings, guarantees and letters of comfort.
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