https://www.taxtmi.com/notifications?id=140472 The Central Government approved the Guarantee Scheme for Corporate Debt (GSCD) under which GFCD, managed by NCGTC, provides full guarantee cover for borrowings of the Corporate Debt Market Development Fund (CDMDF) in times of market dislocation. CDMDF, a SEBI regulated AIF funded by specified debt mutual funds and AMCs, may leverage its corpus to purchase investment grade corporate debt subject to prudential issuer limits, a loss absorption waterfall that prioritizes first loss by selling MF schemes and contributors, and operational controls including SEBI triggers, trustee governance, reporting, and a guarantee fee payable by Member Lending Institutions. en-us Wed, 26 Jul 2023 00:00:00 +0530 Fri, 28 Jul 2023 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=140472 The Central Government approved the Guarantee Scheme for Corporate Debt (GSCD) under which GFCD, managed by NCGTC, provides full guarantee cover for borrowings of the Corporate Debt Market Development Fund (CDMDF) in times of market dislocation. CDMDF, a SEBI regulated AIF funded by specified debt mutual funds and AMCs, may leverage its corpus to purchase investment grade corporate debt subject to prudential issuer limits, a loss absorption waterfall that prioritizes first loss by selling MF schemes and contributors, and operational controls including SEBI triggers, trustee governance, reporting, and a guarantee fee payable by Member Lending Institutions. Notifications Indian Laws Wed, 26 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=140472