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    <title>Clarification on monitoring of Interest/ Principal repayment and sharing of such information with Credit Rating Agencies by Debenture Trustees</title>
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    <description>Debenture trustees must maintain systems to verify interest and principal payments and, before each due date, seek ISIN-wise confirmation from issuers and inform CRAs. Trustees must provide ISIN-wise updates to CRAs by one day after the due date indicating payment made, delay/default, or no information; if information is initially unavailable, trustees must update CRAs when it becomes available, and must use multiple sources and periodic reports to ascertain payment status.</description>
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    <pubDate>Fri, 30 Jun 2017 00:00:00 +0530</pubDate>
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      <description>Debenture trustees must maintain systems to verify interest and principal payments and, before each due date, seek ISIN-wise confirmation from issuers and inform CRAs. Trustees must provide ISIN-wise updates to CRAs by one day after the due date indicating payment made, delay/default, or no information; if information is initially unavailable, trustees must update CRAs when it becomes available, and must use multiple sources and periodic reports to ascertain payment status.</description>
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