https://www.taxtmi.com/article/detailed?id=9134 A Special Liquidity Facility for Mutual Funds permits eligible banks to obtain central bank repo funding and exclusively use it to on lend to mutual funds or to purchase/undertake repos against investment grade corporate bonds, commercial paper, debentures and certificates of deposit held by mutual funds. The facility follows LAF collateral and haircut norms, uses electronic bidding with pro rata allotment if oversubscribed, and allows the financed assets to be classified as Held To Maturity beyond the normal limit while exempting such exposures from banks' capital market exposure limits. en-us Thu, 30 Apr 2020 10:17:13 +0530 Thu, 30 Apr 2020 10:17:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9134 A Special Liquidity Facility for Mutual Funds permits eligible banks to obtain central bank repo funding and exclusively use it to on lend to mutual funds or to purchase/undertake repos against investment grade corporate bonds, commercial paper, debentures and certificates of deposit held by mutual funds. The facility follows LAF collateral and haircut norms, uses electronic bidding with pro rata allotment if oversubscribed, and allows the financed assets to be classified as Held To Maturity beyond the normal limit while exempting such exposures from banks' capital market exposure limits. Articles FEMA - Foreign Exchange Management Thu, 30 Apr 2020 10:17:13 +0530 https://www.taxtmi.com/article/detailed?id=9134