Credit enhancement and liquidity facilities

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....sset pool, subject to making full disclosures of the arrangements in the offer document or the particulars submitted to the recognised stock exchange. (2) A special purpose distinct entity may avail the services of a liquidity provider, subject to making full disclosures of the arrangements in the offer document or the particulars submitted to the recognised stock exchange. ^1[(3) The specia....

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....on. (vi) The duration is not exceeding the earlier of: (a) settlement of all claims related to the securitized debt instruments notes issued by the special purpose distinct entity; or (b) termination of the facility provider's obligations. (vii) There shall be no recourse to the facility provider beyond its fixed contractual obligations. (viii) A legal ....

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.... (c) acting as permanent revolving facility (i.e. liquidity support should be used as an exception rather than the norm); or (d) covering losses in the underlying assets prior to a drawdown. (xiii) The facility shall not be available for: (a) meeting recurring securitisation expenses; (b) funding additional asset acquisition by the special purpose distin....