Clarification on the valuation of bonds issued under Basel III framework

Clarification on the valuation of bonds issued under Basel III framework https://www.taxtmi.com/circulars?id=64736 The circular prescribes a phased glide path for the deemed residual maturity applied to Basel III AT 1 and Tier 2 bonds for valuation, requiring Macaulay Duration to be calculated on those deemed maturities; if an issuer does not exercise a call option, all its ISINs are to be valued using 100 years' maturity for AT 1 and contractual maturity for Tier 2, with any issuer stress or adverse news reflected in valuation. AMFI must issue detailed valuation guidelines. en-us Mon, 22 Mar 2021 00:00:00 +0530 Tue, 23 Mar 2021 10:06:00 +0530 TaxTMI RSS Generator Clarification on the valuation of bonds issued under Basel III framework https://www.taxtmi.com/circulars?id=64736 The circular prescribes a phased glide path for the deemed residual maturity applied to Basel III AT 1 and Tier 2 bonds for valuation, requiring Macaulay Duration to be calculated on those deemed maturities; if an issuer does not exercise a call option, all its ISINs are to be valued using 100 years' maturity for AT 1 and contractual maturity for Tier 2, with any issuer stress or adverse news reflected in valuation. AMFI must issue detailed valuation guidelines. Circulars SEBI Mon, 22 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64736