TaxTMI 
TaxTMI 
IFSCA permits Banking Units to transfer of assets through participation agreements
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....FSCA permits Banking Units to transfer of assets through participation agreements <br>News and Press Release<br>Dated:- 30-12-2020<br><BR>The International Financial Services Centres Authority (IFSCA)....
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.... today allowed Banking Units (BUs) to transfer assets to/from other financial institutions, persons resident in India and persons resident outside India through any internationally recognised standard....
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.... risk participation agreement. Transfer of assets through the risk participation agreement route is a common practice in many jurisdictions especially in the field of trade finance. Such risk partici....
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....pation is undertaken as a bilateral contract under a standard document called a risk participation agreement between the two institutions (buying and selling entity). One of the common standard risk p....
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....articipation agreement is the Master Risk Participation Agreement (MRPA) developed by the Bankers Association for Finance and Trade (BAFT). The above dispensation is expected to encourage risk partic....
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....ipation of foreign currency assets through BUs in IFSC instead of banks in foreign jurisdictions.<BR> News - Press release - PIB....