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          SEBI

          Credit Enhancement

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          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.
                          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.

                                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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